Budget 2019 on Banking Sectors
https://www.fundstiger.com/budget-2019-banking-sectors/ Finance minister Nirmala Sitharaman in the Union Budget for the fiscal year 2019- 2020 on Friday proposed various measures for the financial markets, such as recapitalisation of PSU banks and easing liquidity concerns of the non-banking financial companies. The government has also taken some measures to enhance participation in the capital markets. Here are the key announcements for the financial and capital market in the Budget 2019. 1. PSU Bank recapitalization The government will inject Rs 70,000 crore into state-run lenders massive bank recapitalisation plan aimed at tackling a record bad debt troubles and revive credit growth. 2. MPS (Minimum Public Shareholding) The finance minister proposed to increase minimum public shareholding for listed companies to 35 percent from the current 25 percent. This means, the promoters can’t hold more than 65 percent from the current limit of 75 percent. However, this is just...