CAPITAL INFUSION FOR PSU BANKS

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The government has initiated discussions with Public Sector Banks (PSBs) for the second round of capital infusion. All the banks have asked for recapitalisation programme to be advanced. The infusion was part of Rs 65,000 crore out of Rs2.11 lakh crore capital infusion over two financial years. The government announced the Rs 2.11 lakh crore capital infusion programme october last year. As per the plan, the PSBs were to get Rs 1.35 lakh crore through re-capitalisation bonds and the balance through raising of capital from the market.

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