Infusion of government funds for PSBs

The government said it will decide this week on the Rs 15,000-crore capital infusion in public sector banks to shore up their capital base. The Budget provided for Rs 15,000-crore recapitalisation in current fiscal. This week there will be some announcement about the allocation (to various banks),” Department of Financial Services Secretary D.K. Mittal said.
The capital infusion would be done through rights issue, he said it has to be first approved by respective boards and then the Finance

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