capital infusion
Govt to infuse about Rs 5,000 cr in PSU banks this quarter
As per the blueprint, PSU banks will get Rs 25,000 crore this fiscal and also in the next fiscal. Besides, Rs 10,000 crore each would be infused in 2017-18 and 2018-19.
Govt’s capital infusion breather for PSU banks, but not enough: S&P
Standard & Poor's however said that government's fund infusion plan won't fully resolve their looming capital shortfall and weak banks will remain vulnerable to slippages in asset quality.
Govt plans to give about Rs 57,000 cr to public sector banks for recapitalisation
The government intends to provide $9 billion (about Rs 57,000 crore) to public sector banks towards recapitalisation over the next two fiscal to meet global risk norms and for growth, Finance Secretary Rajiv Mehrishi said.
