Recapitalisation

The carrier has been strong in its pursuit of weathering the storm but it has faced a series of headwinds for more than three years. The company reported huge loss in April-June quarter

Cabinet approves capital infusion of Rs 12,450 crore in these three companies

Govt will invest Rs 12,750 crore in recapitalising the three state-owned insurance companies- Oriental Insurance, National Insurance and United India Insurance

The National Insurance Company, Oriental Insurance Company and United Insurance Company will get the additional capital

The upcoming Union Budget may provide for another round of recapitalisation

London-based Jan Dehn, head of research at Ashmore Investment Management,says he is not bearish on Indian equities and the current problems in India are cyclical, but the banking issue

The real intent behind the recapitalisation move is to get PSBs to start lending like before, says the author

The recapitalisation will help some of the weak banks to come out of the RBI's glare

Net interest margin of banks narrowed to an extent that lending activity stopped or decelerated

Govt allocated Rs 10k cr for current financial yr as against Rs 25k cr in last two financial yrs