The Union Budget has allocated Rs. 10,000 crore towards recapitalisation of public sector banks in FY2017-18.
Under Indradhanush roadmap announced in 2015, the government stated to infuse Rs. 70,000 crore in state banks over four years while they will have to raise a further Rs. 1.1 lakh crore from the markets to meet their capital requirement in line with global risk norms, known as Basel—III.
In line with the blueprint, public sector banks has been given Rs. 25,000 crore in each fiscal, 2015—16 and 2016—17.Besides, Rs. 10,000 crore each would be infused in 2017—18 and 2018—19.So, let’s discuss some questions related to this post:
Q1. How much the amount has been decided in Union Budget to allocate towards recapitalisation of public sector banks in FY2017-18?
Ans1. Rs 10,000 cr
Source- The Hindu