The Reserve Bank of India (RBI) has estimated that the government will have to infuse Rs 70,000 crore to Rs 90,000 crore capital into government-owned banks to comply with the prudential guidelines under Basel III. KC Chakrabarty, Deputy Governor of RBI, said: “The government has an annual budget of Rs 15 lakh crore and recapitalisation of banks to the extent of Rs 20,000 crore a year is not a tall order. It can be done. The only problem arises if there is a big demand for credit in the economy.”............
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