Budget 2016: ₹25k crore for public sector banks 
Presenting the Union Budget 2016, Finance Minister Arun Jaitley announced the government's plan to revamp the public sector banks by allocating a sum of ₹25,000 crore towards the recapitalisation of state lenders. It was also suggested that additional finances would be provided if required. Further, a comprehensive code to tackle the bankruptcy in banks would be presented as a bill.