Corporation Bank on govt's announcement of PSB recapitalisation plan
The government has approved the recapitalisation of 12 public sector banks (PSBs) to the tune of Rs 48,000 crore. In this round of funding, Corporation Bank and Allahabad Bank are getting a lion's share of funds to exit the prompt corrective action (PCA) framework. PV Bharathi, managing director and CEO of Corporation Bank shared her views and outlook.