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Govt may increase Rs.70k-cr planned capital infusion for PSBs

Infrastructure Finance
February 1, 2016February 1, 2016
Govt may increase Rs.70k-cr planned capital infusion for PSBs
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The Finance Ministry is considering infusing more than the announced `70,000 crore in public sector banks to help strengthen their balancesheets.´We are assessing the capital requirement position of each bank depending on their bad loans and, if need be, we may have to expand the capital infusion programme,´said a ministry official. An announcement to this effect could be made next month by Finance Minister Arun Jaitley in the Budget 2016-17 if the government decides to expand the capital infusion programme, sources said.

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