Bank recapitalisation plan to push GDP growth to 7% in FY19: Report

Recapitalisation plan for public sector banks to increase credit growth to 15 per cent and GDP numbers to 7 per cent in the next fiscal, says a report. "We expect 15 per cent EPS growth for Sensex target of 32,300 " it added. Growth at banking system was estimated to be 8 per cent in 2018-19.Credit system is expected to grow to 12-15 per cent during the time period under review.