Govt banks to get first round of capital infusion soon

NEW DELHI: The finance ministry has finalised plan for the first round of capital infusion for public sector banks and funds would be granted to some of the lenders

NEW DELHI: The finance ministry has finalised plan for the first round of capital infusion for public sector banks and funds would be granted to some of the lenders within next few weeks. After the fourth quarter results, each bank made a detailed request taking into account issues pertaining to non-performing assets, growth projections and the like, following which the department of financial services has finalised the first tranches, sources said. Without giving the exact amount, sources said, the first tranches which would be announced in the next few weeks, may be between ₹8,000 crore and ₹10,000 crore.

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