INSUBCONTINENT EXCLUSIVE:
loans by around 13-15 per cent in the fiscal year ending March 2020 and will also allow them to meet the final Basel III capital
requirements, rating agency Moody's said on Monday."The announcement by the Indian government that it will frontload its planned Rs 70,000
crore capital infusion into the public sector banks will improve the bank's capitalisation and help them calibrate their balance sheet
will enable public sector banks to grow loans by around 13 per cent - 15 per cent in the fiscal year ending March 2020 (fiscal 2020),
compared with about 10 per cent in fiscal 2019, while also allowing them to meet the final Basel III capital requirements (regulatory
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