‘India needs to bolster PSBs’ capitalisation level’

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Washington, Apr 12: Noting that the level of non-performing loans in India remains high, the International Monetary Fund has favoured bolstering the level of capitalisation of some banks, particularly government-owned banks.
Anna Ilyina, division chief of IMF Monetary and Capital Markets Department, said Wednesday that bolstering the level of capitalisation was one of the recommendations of the Financial Sector Assessment Programme (FSAP) for India. “The level of nonperforming loans (NPLs) in India remains high. And the level of the capitalization of some banks, particularly government-owned banks, should be bolstered,” said Ilyina.

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