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₹51,000 cr Infused in PSBs till December End
January 08, 2019
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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