Tuesday, July 16 2019

June 25, 2019

Public Sector Banks,Govt took comprehensive steps

New Delhi -To strengthen the Public Sector Banks , over the last four financial years, the Government of India has taken comprehensive steps under its 4Rs strategy of recognising NPAs transparently, resolving and recovering value from stressed accounts through clean and effective laws and processes, re-capitalising banks, and reforming banks through the PSB Reforms Agenda.Over the last five Financial Years , PSBs have been recapitalised to the extent of Rs. 3.19 lakh crore, with infusion of Rs. 2.5 lakh crore by the Government and mobilisation of over Rs. 66,000 crore by PSBs themselves.