Govt To Infuse INR 42,000 Crore In PSU Banks By March

The government will infuse INR 42,000 crore in the state-owned banks by March-end and the next tranche would be released as early as December 2018, according to a senior finance ministry official.

The government earlier pumped INR 11,336 crore in five PSBs — PNB, Allahabad Bank, Indian Overseas Bank, Andhra Bank, and Corporation Bank — to improve their financial health. The government had announced the INR 2.11-lakh crore capital infusion programme in October 2017.

Source: The Hindu

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