Ministry of Finance should be able to infuse $27 billion into PSBs by 2019: Bank of America Merrill Lynch

The Ministry of Finance should be able to infuse $27 billion of capital into PSU banks by 2019 without breaching its fiscal deficit target, says a Bank of America Merrill Lynch (BOfAML) report.

According to the global financial services major, PSU bank capital risks are overdone and government is fully incentivised to address their asset quality to support recovery.