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India's state banks are expected to source their own fresh capital to compete with the country's much better-capitalised private banks, Fitch Ratings said on Friday. Accordingly, the ratings agency said that the state is inclined to place the burden of raising growth capital on its banks, as indicated by a lack of capital allocation for state banks in the government's latest ....
Finance Minister Nirmala Sitharaman chaired a meeting with chiefs of public sector banks and assessed their readiness to tackle any possible disruptions due to the Omicron variant. ....
During the review meeting held in New Delhi, the bankers told Sitharaman that they were confident that PSBs are adequately capitalised and banks are prepared for any stress scenarios in future. ....