Budget dialogues: Recapitalisation of state-run lenders alone will not cure ills of banking sector, say panelists
Panelists say banking sector requires overhauling of current structure of the entire system dominated by state-run lenders
Reckless lending by banks during the boom years in the previous UPA government led to accumulation of huge non-performing assets (NPAs), or bad loans, in the Indian banking system.
FRDI Bill unlikely to be tabled during budget session as joint committee looking into it seeks extension
FRDI Bill proposes to create a framework for overseeing such financial institutions as banks, insurance companies, NBFC and stock exchanges in case of insolvency
Rs 2.11 lakh crore recapitalisation package will also strengthen PSU banks' balance sheets: Urjit Patel
In October, govt announced Rs 2.11-trn recapitalisation or capital infusion into NPA-hit public sector banks over next two years