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Bank Recapitalisation Monumental Step To Save Economy: RBI Governor Urjit Patel

Bank Recapitalisation Monumental Step To Save Economy: RBI Governor Urjit Patel

The government's Rs. 2.11 lakh crore plan to recapitalise public sector banks is a major step to restore the banking system's health and safeguard the country's economic future, RBI Governor Urjit Patel said on Wednesday.

"The government's decisive package to restore the health of the Indian banking system is in the view of the Reserve Bank of India a monumental step forward in safeguarding the country's economic future," Patel said in a statement.

He said a well-capital..



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Bank Recapitalisation Monumental Step To Save Economy: RBI Governor Urjit Patel

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