Government to Infuse Rs.11,200 Crore in Banks

Published: 17th February 2014 01:05 PM  |   Last Updated: 17th February 2014 01:05 PM   |  A+A-

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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