Bank fundraising: Market crisis puts onus on Modi government
Public sector banks have raised more than double the capital infused by the government through equity and bond markets and from the sale of non-core assets between the financial years 2008-2009 and 2017-18.
While banks raised Rs 2.57 lakh crore, the government infused only less than half of this at Rs 1.32 lakh crore through the Indradhanush plan, according to a parliamentary committee audit report on recapitalisation. Image source: Reuters