Bank Nifty Tips - New Delhi: Finance Ministry is await to disburse around Rs 20,000 crore to various public sector banks in the next two months to edge up their capital base.
Of this, Rs 10,000 crore would be provided to weak public sector banks which needs more capital, Financial Services Secretary Hasmukh Adhia said here.
Bank Nifty Tips - "The first Rs 20,000 crore will ocur as early as possible...Once Parliament approval comes for supplementary (needs for allow). Rs 8,000 crore we already have in our quota. Rs 12,000 crore will come, so this Rs 20,000 crore...Can happen by this September," he said.
For the current fiscal, the government has grant Rs 7,940 crore in the quota for capital infusion in state-owned banks.
Finance Minister Arun Jaitley, earlier in the day, sought Parliament nod for extra capital infusion Rs 12,010 crore in PSU banks as part of supplementary needs for allow..
The capital has been pursue as per the evaluation made by the ministry on getting furnishing from all public sector banks.
Of this, Rs 10,000 crore would be provided to weak public sector banks which needs more capital, Financial Services Secretary Hasmukh Adhia said here.
Bank Nifty Tips - "The first Rs 20,000 crore will ocur as early as possible...Once Parliament approval comes for supplementary (needs for allow). Rs 8,000 crore we already have in our quota. Rs 12,000 crore will come, so this Rs 20,000 crore...Can happen by this September," he said.
For the current fiscal, the government has grant Rs 7,940 crore in the quota for capital infusion in state-owned banks.
Finance Minister Arun Jaitley, earlier in the day, sought Parliament nod for extra capital infusion Rs 12,010 crore in PSU banks as part of supplementary needs for allow..
The capital has been pursue as per the evaluation made by the ministry on getting furnishing from all public sector banks.
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