The Trader 

Market Outlook: Indian banks bailout

The Trader

Yesterday the Indian government announced a $32 billion recapitalisation plan for state-owned banks.  As elsewhere, these have been struggling under the weight of non-performing loans and weak balance sheets, CNBC reports.  Earlier estimates had suggested that to comply with Basel III they would need between $40 billion and $65 billion.  Government bonds to the tune of 1.35 trillion rupees would be issued and the remaining 760 billion rupees from the banks’ own fund raising efforts.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now