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Next tranche of bank recap bonds of Rs 28,000 crore likely to be issued by Friday

Updated : December 27, 2018 10:19 AM IST

Around seven or eights banks are likely to be issued the recap bonds worth Rs 28,000 crore, the sources said. 
Sources said that three banks —  Bank of India, OBC, Bank of Maharashtra — may exit from the prompt corrective action (PCA) framework post the approval for supplementary recap bond.

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