Budget 2016 'credit negative' for PSU banks: Moody's


Moody's Investors Service today said the Budget for 2016-17 is "credit negative" for PSU banks as the capital infusion road map falls short of the required Rs 1.45 lakh crore.

"The Budget is credit negative for public sector banks because the government has stuck to its capital infusion road map announced in 2015, budgeting Rs 25,000 crore in injection," says Srikanth Vadlamani, Moody's Vice-President and Senior Credit Officer.

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