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India : FM - Government will pump around Rs.1,500 crore in the public sector banks
Publish Date : 14-Apr-2012
Pranab Mukheerjee, the Indian Finance Minister has announced that the government has planned to pump around Rs.1,500 crore in the public sector banks during the current financial year to boost their fiscal strength.
He said this at the 118th foundation day function of Punjab National Bank in New Delhi.
According to the minister, the Indian Banking system is under restrictions for some time and to enhance the capital adequacy of the public sector banks, the government will provide around Rs 1,500 crore in 2012-13 as the banks should have adequate capital to compete.
