......... The RBI has projected the capital requirement for the banking industry for the next five years at nearly ₹500,000 crore, of which ₹415,000 crore is required by PSBs alone. Even if only a third of the capital is from equity — the rest through subordinated debt and various hybrid instruments — the Centre would have to contribute ₹90,000 crore or so to maintain its existing stakes in PSBs. Given its precarious fiscal position.........
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