Government to infuse Rs.11,200 crore in banks
The government will infuse Rs.11,200 crore capital in public sector banks in the financial year 2014-15, Finance Minister P. Chidambaram said Monday.
The finance minister made this announcement while presenting the interim budget for the fiscal 2014-15 in the Lok Sabha.
Chidambaram said the public sector banks have "opened 5,207 branches so far and nearing the goal of installing an ATM at every branch."
(Posted on 17-02-2014)