Indradhanush 2.0


Ajit Kumar AJIT KUMARWISDOM IAS, New Delhi.


 
Government plans to come out with 'Indradhanush 2.0', a comprehensive plan for recapitalisation of public sector lenders, with a view to make sure they remain solvent and fully comply with the global capital adequacy norms, Basel-III. 


'Indradhanush 2.0' has been finalised after completion of the Asset Quality Review (AQR) by the Reserve Bank.
 
Under Indradhanush roadmap announced in 2015, the government had announced to infuse Rs 70,000 crore in state-run banks over four years while they will have to raise a further Rs 1.1 lakh crore from the markets to meet their capital requirement in line with global risk norms, known as Basel-III. 

In line with the plan, public sector banks were given Rs 25,000 crore in 2015-16, and similar amount has been earmarked for the current fiscal. Besides, Rs 10,000 crore each would be infused in 2017-18 and 2018-19. 





Wednesday, 16th Aug 2017, 02:07:42 PM

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