Govt initiates mega PSU Banks’ recapitalisation plan

0
568

New Delhi: In a press conference held in Delhi, Union Finance Minister Arun Jaitley said that reforming banking sector is government’s priority.

The Modi government has begun acting on its announcement last year of giving Rs. 2.1 lakh crore to recapitalise public sector banks.

Finance Minister ArunJaitley announced the first tranche on Wednesday where Rs. 88,139 crore will be allotted to 20 banks.

The government will ensure disbursement of 1 lakh crore rupees to PSU banks by march this year.