New Delhi: The government has set parameters for public sector banks for receiving capital support and only those lenders which fulfil the criteria post third quarter results would be eligible for funds. “The finance ministry has set parameters for getting capital support. Those who fulfil the criteria post third quarter results would be eligible for capital infusion,” a person with direct knowledge of the matter said. The government in July had announced the first round of capital infusion of Rs.22,915 crore for 13 banks. People familiar with the matter said the second round of funding would be in addition to the remaining 25% of the Rs.22,915 crore capital infusion announced in July.

Source: Mint September 04, 2016 16:52 UTC