What is it that was just 29 crore in 1951 and has now grown to 10 lakh crore? It is the amount of public investment in 290 public sector units in India today.
Media reports suggest that the government may infuse around Rs 20,000 crore into state-run banks in 2013-14 so that they comply with the capital adequacy conditions of Basel III norms. It is learnt that public sector banks (PSBs) have demanded the above amount for the next financial year from
According to government sources, the cabinet would consider the proposal for setting up a bank holding company for state-run banks soon. The holding company is intended to enable state-run banks to raise capital from the market instead of seeking funds