Muzaffaruddin Alvi | Corporate Governance Expert - Pakistan: Big Indian state banks need up to $14.8 billion capital by March 2019

Thursday, June 8, 2017

Big Indian state banks need up to $14.8 billion capital by March 2019 – Moody’s

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MUMBAI (Reuters) – Moody’s Investors Service said on Thursday the 11 Indian state-run banks that it rates could need up to 950 billion rupees ($14.76 billion) in equity capital by March 2019, far above the 200 billion rupees the government plans to inject into state banks by then.