InvestorQ : Will the government capitalize the PSU banks in this budget?
Aditi Sharma made post

Will the government capitalize the PSU banks in this budget?

Answer
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Mahima Roy answered.
5 months ago
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Mostly that will not be required. On the contrary, the budget may encourage banks to raise funds from open market and hive off non-core assets. PSU banks made net profits of Rs.17,132 crore in Sep-21 quarter. The good news is that CAR has improved to 14.3% and the PCR or provision coverage ratio stands at 84%. With the legacy of bad loans done, it was time to stop the funding.

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