Government has decided to inject more capital in state-owned banks to strengthen the banking system and spur economic growth said Finance Minister Arun Jaitley.
He was addressing heads of state-owned banks at PSB Manthan at Gurgaon in Haryana, Jaitley said, the government has decided to put in more capital from the Budget, through bonds and banks equity expansion.Mr Jaitley said that the government wants a robust public sector banking system to enhance their ability to support growth and economy.