Rs 70,000-cr capital infusion in PSBs credit positive, to boost economy: S&P

July 09, 2019 |
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Banking
Rs 70,000-cr capital infusion in PSBs credit positive, to boost economy: S&P

The proposed Rs 70,000-crore capital infusion in public sector banks (PSBs) will provide a timely booster to these lenders, S&P Global Ratings has said.

The move, announced in the Budget, is likely to be credit positive for the banking sector and the economy, S&P said in a note titled ‘India’s Budget attempts to address trust deficit in the financial sector.

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