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shine india magazine yearly subscription published this article page no 220

The government has infused funds to address the challenge. The measures for recapitalization under the Indradhanush Plan in 2015¬16 acknowledge the governments recognition of high NPA ratios and their adverse effects on the economy. The negative effects include further declines in bank credit low bank profitability and declining capital adequacy ratios. To counter these the Ministry of Finance announced a Rs. 2.1 lath crore plan to recapitalize banks on October 24. These funds will not only help Public Sector Banks (PSBs) meet their minimum capital reimbursements but they will also Intoforce in January 2019. shine india magazine yearly subscription