<p>As the global economic crisis threatens to stress treasuries, India is determined to complete recapitalisation of state-run banks by March next year, Financial Services Secretary D K Mittal said on Monday.<br /><br /></p>.<p>“The global situation is uncertain and banks need to be well recapitalised. Bank recapitalisation will be completed by March end,” Mittal told reporters after a meeting of Financial Stability & Development Council.<br /><br />Officials said PSU banks including SBI may need Rs 40-100 billion capital infusion to maintain Tier-I capital of 8 per cent of their total risk-weighted assets. The government is mulling Rs 10,000 crore extra capital infusion depending on the profits of the banks until March 2012. <br /><br />Planning Commission recently approved Rs 14,000 crore recapitalisation plan for public sector banks in the current fiscal year 2011-12.</p>
<p>As the global economic crisis threatens to stress treasuries, India is determined to complete recapitalisation of state-run banks by March next year, Financial Services Secretary D K Mittal said on Monday.<br /><br /></p>.<p>“The global situation is uncertain and banks need to be well recapitalised. Bank recapitalisation will be completed by March end,” Mittal told reporters after a meeting of Financial Stability & Development Council.<br /><br />Officials said PSU banks including SBI may need Rs 40-100 billion capital infusion to maintain Tier-I capital of 8 per cent of their total risk-weighted assets. The government is mulling Rs 10,000 crore extra capital infusion depending on the profits of the banks until March 2012. <br /><br />Planning Commission recently approved Rs 14,000 crore recapitalisation plan for public sector banks in the current fiscal year 2011-12.</p>
