Back to Career News

Government Promises Rs. 1 Lakh cr Capital Infusion by March

January 26, 2018

Government Promises Rs. 1 Lakh cr Capital Infusion by March

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.

Important Links:
Tags:
Finance

Recommended for you ...

Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth
Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth

March 28, 2024

Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance
Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance

March 27, 2024

Indian Payment Aggregators Rush to Obtain International Payment Licences
Indian Payment Aggregators Rush to Obtain International Payment Licences

March 27, 2024

Chat on WhatsApp