The Comptroller and Auditor General of India (CAG) has written to the Reserve Bank of India (RBI), seeking details of the performance of state-run banks after their recapitalisation (recap) over the past five years. The CAG has also requested it to share the details of a study, if any, with the government. This (development) should be seen in the context of the opportunity cost of state-run banks recap, given the limited fiscal space available, said a source, adding.
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