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₹51,000 cr Infused in PSBs till December End

January 08, 2019

₹51,000 cr Infused in PSBs till December End
Rajeev Kumar, Secretary in the Department of Financial Services recently informed the Parliament that the government has infused more than ₹51,000 crores in the Public Sector Banks (PSB) till the end of 2018. The total amount of funds allocated for the infusion is ₹65,000 crores for FY-19, he said.

The government had earlier approved the infusion of funds in select PSBs in light of their deteriorating financial health. The non-performing assets (NPAs) in PSBs stood at ₹9.63 crores at the beginning of the financial year.

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