PSBs need ₹1.2L cr from govt by 2020: Moody's
The government will have to infuse ₹1.2 lakh crore into the public sector banks by 2020 to strengthen their balance sheets, Moody's Investors Service said on Friday. This is more than the government's additional ₹45,000 crore allocated for the same, it added. Meanwhile, the asset quality of the banks will remain under pressure over the next 12 months, it noted. 