Finance minister Arun Jaitley. Besides recapitalisation bonds, the PSU bank recapitalisation plan also includes the Indradhanush outlay worth Rs18,000 crore. Last month, finance minister Arun Jaitley had announced an unprecedented Rs2.11 trillion PSU bank recapitalisation plan to strengthen public sector banks. The finance minister had said multiple options for recapitalisation bonds were on the government table, are being examined and the best ones would be explored. Besides recapitalisation bonds, the finance minister had announced that banks would get about Rs18,000 crore under the Indradhanush plan over the next two years.

Source: Mint November 29, 2017 14:03 UTC