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Government’s Recapitalization Move a Temporary Solution: AIBEA
October 31, 2017
Although the All India Bank Employees Association (AIBEA) praised the government’s decision to infuse capital into the ailing public sector banks, it also said that it’s only a short-term solution.
C H Venkatachalam, general secretary, AIBEA, who recently appeared for a press release said that that the recent decision of capital infusion is a welcoming measure considering how so many banks observed massive capital depletion, but it’s not enough to help them come out of the problem they have got themselves into.
Venkatachalam said that the government needs to take more serious measures to recover bad loans and make wilful defaulting a criminal offense.
