Centre to inculcate ₹2 lakh crore into state-owned banks

Finance Minister Arun Jaitley on Tuesday said that the union cabinet had approved a plan of Rs. 2.11 lakh crore to recapitalise state-owned banks. Reportedly, this plan will be supporting capitalisation bonds, budget support and market value. According to reports, Jaitley said that the non performing assets had been created by indiscriminate lending banks from the year 2008 till 2013.

BY |

OTHER NEWS SHOTS

Read More News Stories