Indradhanush plan News
The banks will also be getting nearly Rs 18,000 crore under the Indradhanush plan.
The government's all out war against NPAs will help in cleaning balancesheets of state- owned banks and expedite fund raising via markets to meet the global Basel III capital adequacy norms, an official said.
Stock prices on the mend, the Finance Ministry will nudge at least six public sector banks to hit markets to raise funds and ease the pressure on the exchequer of pumping in capital as per the Indradhanush plan.
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