The Government will infuse about 5,000 crore rupees capital in the public sector banks in the current fiscal to strengthen their balance sheet. Financial Services Secretary Anjuly Chib Duggal today said this on the sidelines of a function in New Delhi. Last year, the government had announced a revamp plan Indradhanush to infuse 70,000 crore rupees in state-owned banks over four years. Of the 25,000 crore rupees earmarked for 2015-16, the government has pumped in about 20,000 crore rupees in 13 public sector banks so far. Talking about various initiatives taken by the government to deepen social security net, Ms Duggal said banks are addressing last mile connectivity issues. She said, the Department of Financial Services is having discussion with banks on regular basis to sort out the issues.
News On AIR | February 3, 2016 2:34 PM
Govt to infuse about Rs 5,000 cr in PSU banks this quarter