The specifics of Bank recapitalisation 2017…

Post my post on history of bank recapitalisation bonds, there is a nice article by Avinash Tripathi on the specifics of the recent scheme taking cues from the previous scheme.

Via Avinash, I also learnt where these outstanding bonds from previous recapitalisation worth Rs 20808.75  crore are shown in the budget. These bonds are classified here on receipts budget.

Infact, you see this Receipts Budget and there are several such special securities converted into marketable securities. The governments have always been great at all kinds of financial engineering and there are several such cases in the Receipts Budget…

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