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    <title>Functioning of Public Sector Banks</title>
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    <description>Measures strengthen Public Sector Bank efficiency through KPIs tied to incentives, phased dilution via Follow-on Public Offers and Qualified Institutional Placements for capital needs, and a government capital infusion to meet Basel III norms. Recovery reforms amended procedures to enable time-bound adjudication, and a modernization program (e-DRT, digitization, online portal, IT upgrades) plus training and six new DRTs were introduced to speed debt recovery.</description>
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