The finance ministry had in October announced an unprecedented Rs2.11 trillion PSU bank recapitalisation plan, Rs1.35 trillion of which will be raised through recapitalisation bonds. Photo: MintNew Delhi: The finance ministry may infuse about Rs70,000 crore through recapitalisation bonds in the NPA-hit public sector banks in the next four months, people aware of the matter said. Finance minister Arun Jaitley had in October announced an unprecedented Rs2.11 trillion PSU bank recapitalisation plan, Rs1.35 trillion of which would be raised using recapitalisation bonds. 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. In the last three-and-half years, the government has pumped in Rs51,858 crore capital in the public sector banks.

Source: Mint November 05, 2017 10:52 UTC