<h1>Bank recapitalisation: government to recapitalise public sector banks via bonds, budget support and market raising, with governance and regulatory oversight.</h1> Central government will recapitalise public sector banks using recapitalisation bonds, budgetary provision and bank market capital raising to help banks meet regulatory capital norms and provide performance based growth capital; boards retain responsibility for management under statutory company and banking law and the central banking regulator retains powers to remove managerial personnel to secure proper management.