Government plans to come out with ‘Indradhanush 2.0’, a comprehensive plan for recapitalisation of public sector lenders, with a view to make sure they remain solvent and fully comply with the global capital adequacy norms, Basel-III.‘Indradhanush 2.0’ will be finalised after completion of the asset quality review (AQR) by the Reserve Bank of India (RBI), which is likely to be completed by March-end. Post asset quality review (AQR) exercise by the RBI to clean up the balance sheets of PSBs, the numbers are being re-looked at and a revised programme of capitalisation will be issued as part of ‘Indradhanush 2.0’.

(Live Mint)