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Home spontaneous explains Drain of Wealth: Should Tax-Payer money be used to ‘re-capitalize’ public banks?

Drain of Wealth: Should Tax-Payer money be used to ‘re-capitalize’ public banks?

On 24 October, Arun Jaitley announced a recapitalisation plan of 2.11 trillion rupees for public sector banks as a response to the dangerously piling NPAs. Touted as a "bold and courageous" step, the most expensive bank bailout in the nation's history follows a long tradition of capital infusion into sick PSBs over the past decade (with no results to show). But is this the much-desired remedy that diagnoses the maladies of the banking sector today? More importantly, should taxpayer money have to compensate for institutional failures and unaccountable bureaucracy? Watch the video to know more.

By
Spontaneous Order
-
November 4, 2017
76
  • TAGS
  • non-performing assets
  • Public Sector Banks
  • recapitalisation
  • sick units
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Spontaneous Order
Spontaneous Order

A peep into modern Indian history by some of the finest liberal minds, who sought to shred the banality of pseudo-socialism in Independent India. In a country dominated by false political values, which had, in fact, no basis of existence neither in the independence movement or the native soil, SO brings out the dynamics of a political order that could have changed the country forever.

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