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...Recapitalisation is a tried and tested tactic and has been successfully replicated in many countries, including India, in the past. With regard to the critiques of bank recapitalisation, there is indeed justification for the use of public funds. This is because the benefits of recapitalizing banks are greater than the costs of broad disruption in the real economy which show up, for instance, in the decline in bank lending. However the benefits from such an exercise are often difficult to quantify as they largely relate to avoiding disruptive effects that are qualitative in nature. The Rs1.35 trillion package in itself seems largely adequate going by the ministry of finance estimates. The latest figures shown in the ministry presentation put the increase in non-performing assets (NPAs) from financial year (FY) 2015 till June 2017 at Rs4.55 trillion. ...Live Mint on Oct. 31, 2017, 10:51 p.m.