Nov 7, 2017 - GST caused hiccups but its execution has been good: GSK Consumer CEO

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from TradeBriefs FMCG Weekly

Sree Vijaykumar

From the Editor's Desk
The government has just announced one of the largest bank recapitalisation programmes, to the tune of Rs 2.11 lakh crore. The sum will be available to banks over two fiscals - 2017-18 and 2017-19. The move comes at a time when banks are saddled with bad loans which required setting aside of higher capital in terms of provisioning. This had depleted their capital position. Lack of capital could impact growth of these public sector banks which controls 70% of the market. In this light, the recapitalisation exercise assumes significance, as this would provide banks with growth capital (apart from meeting provision requirement for bad loans and Basel-III norms). Read on

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