Customers use a Union Bank of India automated teller machine (ATM), left, as security guards talk in front of a Bank of Baroda ATM in Mumbai (Photographer: Adeel Halim/Bloomberg)

State-Run Banks Must Be Recapitalised Without Delay, Says Dalton Capital’s UR Bhat

State-run banks are in dire need of recapitalisation, which would enable their reasonable growth, according to UR Bhat.“There are no (public-sector) banks which have enough capital,” the managing d...