Govt plans ₹22,915cr fund infusion for PSU banks
In line with the announcements under the Indradhanush initiative and the Budget, the Centre has allocated ₹22,915 crore for the capitalisation of 13 public sector banks for the year 2016-17. This will provide liquidity support and allow banks to raise capital from markets. The amount released is 75% of that collected for each bank and the remaining will be performance-linked.