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Government to infuse Rs.11,200 crore in banks

Posted on Feb 17 2014 | IANS

New Delhi, Feb 17 : 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."

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