News From Press Bank recapitalisation: Is it time to invest in banking sector mutual funds?

Bank recapitalisation: Is it time to invest in banking sector mutual funds?

Source: Economic Times Oct 26, 2017

The government of India approved Rs 2.11-lakh-crore recapitalisation plan for the public sector banks (PSBs). This is supposed to be a positive move for the banking sector, particularly for the public sector banks. The move is expected to boost the net worth of PSBs and address the issue of write-offs. It will also enable the public sector banks to lend and grow. The banking sector funds are expected to gain from the recapitalisation of the PSBs.

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