Govt will pump more capital into public sector banks: Jaitley


The Hindu Business Line: Mobile Edition reports:
Union Minister for Finance and Corporate Affairs, Arun Jaitley addressing the plenary session at the Public Sector Banks Manthan, in Gurugram, Haryana on Sunday. | PTI Finance Minister Arun Jaitley said on Sunday that the government has decided to inject more capital into state-owned banks to strengthen the banking system and spur economic growth. Last month, the government had unveiled a ₹2.11 lakh crore two-year roadmap to bolster public sector banks hit by non-performing assets (NPAs), which includes recapitalisation bonds, budgetary support and equity dilution.
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