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Recapitalization to Bring a Positive Change for Banks: Fitch
October 27, 2017
The recent recapitalization plan announced by the finance ministry for the ailing banking in the country will help improve their ratings that are currently in red, global rating company Fitch said.
According to Fitch Ratings, the government’ decision to infuse Rs. 2.1 trillion in the public-sector lenders over 2 years will greatly help them with their capital shortages that greatly contributed to the negative ratings. It also said that the move is a major improvement over the drip-feed approach that was the status quo for many years.
