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Government Promises Rs. 1 Lakh cr Capital Infusion by March
January 26, 2018
The government has announced that it will provide 20 public sector banks a whopping capital of Rs. 88,139 crores before the end of March as a part of its recapitalization plan.
Finance minister Arun Jaitley also presented the banking sector reforms, saying that the disbursal of high-value loans will now follow stringent regulations, with disbursal of loans above Rs. 250 crores requiring mandatory reporting, etc.
