Centre to inject Rs 42,000 crore in state-run banks by March
The government will pump Rs 42,000 crore into debt-laden public sector banks in the remainder of the current financial year to March to improve their financial health, a senior Finance Ministry official said on Monday.
The Rs 42,000 crore capital infusion is part of the Rs 2.11 lakh crore, two-year, front-loaded bank recapitalisation plan announced by the government in October 2017 to support credit growth. Image Source: Reuters