New Delhi, June 25 -- Over the last five Financial Years (FYs), public sector banks (PSBs) have been infused with capital to the extent of Rs 3.19 lakh crore, with recapitalisation of Rs 2.5 lakh crore by the government and mobilisation of over Rs 66,000 crore by PSBs themselves.
To strengthen the Public Sector Banks (PSBs), over the last four financial years, the government has taken comprehensive steps under its 4R's 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, Finance Ministry informed the Lok Sabha on Monday.
"Over the last five Financial Years (FYs), PSBs have ...