PSU banks draw up plans to raise funds as credit growth picks up

"Banks had taken board approvals to raise capital this fiscal and they are now tanking up as the busy season approaches. This is probably the last tranche of Tier 1 issues by public sector banks for this fiscal and this keeps them ready for the likely increase in loan demand in the fourth quarter," said a banker aware of the transactions.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/psu-banks-draw-up-plans-to-raise-funds-as-credit-growth-picks-up/articleshow/96407520.cms