The government has approved the disbursal of a recapitalisation package of ₹48,239 crore for 12 public sector banks, Financial Services.

This package had a fourfold objective:

  • Bringing the better-performing banks currently in the Prompt Corrective Action (PCA) category out of it
  • Helping those that have recently come out of PCA to stay out of it
  • Equipping non-PCA banks to meet regulatory requirements
  • Helping the remaining PCA banks to meet their requirements as well.