1. Home
  2. Business
  3. Banks capacity to lend will improve: Jaitley

Banks capacity to lend will improve: Jaitley

By Team Pardaphash 
Updated Date

New Delhi: Discussing the government move to recapitalize public sector banks, Finance Minister Arun Jaitley today stated that the capacity of banks to lend will improve after this initiative taken up the government.

Also Read :- M-cap: 9 of top 10 firms adds over ₹79,000 cr; TCS, Infosys biggest winners

While talking to the media, Jaitley went on to say: “I think the indications are that it [credit off take] is already happening and that seems to be good sign and now with the recapitalization of the banks, the capacity itself to lend will improve.”

He was addressing a press meet along with Reserve Bank of India Governor Urjit Patel.

The government’s plans to spend Rs 2.11 lakh crore to recapitalize PSBs in a major step to restore the banking system’s health.

“I had a meeting with the SEBI’s [Securities and Exchange Board of India’s] board, and one of the factors that stood out in their presentation was that there is now also increased reliance on the bonds market as far as credit is concerned,” the finance minister said.

Also Read :- Delhi HC grants bail to Former Yes bank MD & CEO Rana Kapoor in money laundering case

Jaitley had a meeting with RBI and SEBI boards in the national capital on Saturday on the Union Budget.

For the latest news and reviews, follow us on Facebook, YouTube and Twitter पर फॉलो करे...