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24 October 2017
 |
Economic growth (The Total Investment & Insurance
Solutions)
In
a major bid to boost flagging economic growth and increase bank credit flow,
the Union Cabinet on Tuesday accorded approval for a massive recapitalisation
plan for state-run banks worth Rs 2.11 lakh crore. The Total Investment & Insurance Solutions
Of
this amount, a sum of Rs 1.55 lakh crore will be raised through
recapitalisation bonds, Financial Services Secretary Rajiv Kumar told reporters
here following a meeting of the Cabinet. The
Total Investment & Insurance Solutions
Another
Rs 76,000 crore would be available from budgetary support and raised through
market borrowings, he added.The Total
Investment & Insurance Solutions
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