Timely access to bank funding remains critical for non-banks
The funding situation for non-banks (non-banking financial companies and housing finance companies) has been challenging in recent times. Nevertheless, we have seen some changes in market sentiment over the last two weeks or so which has resulted in increase in funding access for non-banks.
PSBs need ~Rs 1.2 lakh cr capital in 5 months to meet Basel III norms
Public sector banks (PSBs) will need fresh Tier I capital of Rs 1.2 lakh crore in the next 5 months through March 2019, or Rs 21,000 crore more than what was envisaged under the Rs 2.11 lakh crore1 recapitalisation announced by the government in October 2017, to meet Basel III capital norms.