Public Sector banks likely to get Rs 20,000 cr capital infusion in FY’14

Public Sector Banks likely to get Rs 20,000 cr capital infusion in Financial Year 2013-14.

The Government is likely to infuse additional capital of Rs 20,000 crore in the public sector banks next financial year to meet Basel III global capital risk norms.

As per the capital requirement plan submitted to the Finance Ministry, public sector banks would require about Rs 20,000 crore in 2013—14.

The announcement of capital infusion will be made by Finance Minister P Chidambaram in the Budget on February 28.

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