Thursday, November 23 2017

October 24, 2017

Rs 2.11 lakh crores Capitalisation plan for public sector banks

New Delhi-Capitalisation plan of two lakh eleven thousand crore rupees for public sector banks has been approved by cabinet.Finance Minister Arun Jaitley at press conference said, the huge spending on infrastructure announced will give a fillip to private sector investment, direct benefit to MSMEs and employment generation.Mr Jaitley said, once the banks are strengthened, appetite for their stock will improve. He said, it was decided that a bold step needs to be taken by the government to recapitalise banks.