CAG writes to RBI on banks’ status post-recap over the past 5 years
Wants RBI to give performance details over the past five years
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Comptroller and Auditor General of India | Reserve Bank of India | PSU bank recapitalisation
The Comptroller and Auditor General of India (CAG) has written to the Reserve Bank of India (RBI), seeking details of the performance of state-run banks after their recapitalisation (recap) over the past five years.
The CAG has also requested it to share the details of a study, if any, with the government. “This (development) should be seen in the context of the opportunity cost of state-run banks’ recap, given the limited fiscal space available,” said a source, adding, “It’s probably part of the steps towards sizing the true value of these banks ahead of …
