(too old to reply)
"Sarbajit Roy" (via indiaresists Mailing List)
2018-03-03 02:19:18 UTC
*"3.3** The cash position of the Government during Q2 of FY17-18 was
tight and the Government **had to resort to W & M Advances from RBI on
many occasions. ....*"
*Decoded :* The Govt has no money to bailout even a single bank like PNB,
SBI, CanBank,UCO, IoB, BoB against Bank depositors demanding their money

"*the government has come out with a Rs. 2.12 lakh crore recapitalisation
plan and has already taken nod of Parliament to pump in Rs. 80,000 crore
through recapitalisation bonds in the current fiscal ending March, 2018*"
*Decoded*: Because the Govt. has no money to bailouit even a single bank,
the DEA (Dept of Economic Affairs) will direct printing Rs. 80,000 crores
of bonds which will be purchased by the same PSU banks which are being
bailed out.

"*Holding Pattern *
*4.4 .. Banks continue to dominate as the major investor category, even
with their share in *
*holding of Government securities decreasing to 39.7 per cent at end-Jun
2017 from 40.5 per cent **as at end-Mar 2017. ... *"
*Decoded:* Well managed bank managements are no longer willing to buy RBI /
GoI sovereign bonds which are being sold overseas as "*junk bonds*" for
which Modi now travels to Davos as RBI's supersaleman. 8 years back our
Banks held 60% of GoI securities.