State-owned banks will need ₹1.2 lakh crore in fresh capital by March 2019 to meet regulatory requirements, ratings agency Crisil said. Most of this would be needed to recapitalise 11 banks that are under RBI's Prompt Corrective Action framework. The estimated capital requirement is ₹21,000 crore more than the ₹2.11 lakh crore recapitalisation plan announced by government in October 2017.