News break confirmed the big
bank clean-up!
1. Recap of Rs 2.11 lk Cr FOR PSBs
2. Front Loaded Bond Issuance
3.76000 Cr in PSBs via Budget
4. Rs1.35LK recap via bonds
5. Recap roadmap for 2-yr period
PSU bank recap bonds may not involve cash outflow
Cabinet approves PSU bank recap plan of rs 2.11 lk
Cabinet approves rs 1.35 lk cr recap bonds for PSUs
banks
Part of capital of PSU banks to come from them raising
funds
To decide nature of recapitalization bonds in due course
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