Saturday 25th of November 2017 03:48:40 AM  Agra

Govt to inject more capital in state-owned banks : Finance Minister

Union Finance Minister Arun Jaitley said that govt wants a robust public sector banking system to enhance their ability to support growth and economy.Govt has decided to inject more capital in state-owned banks to strengthen the banking system and spur economic growth. Addressing heads of state-owned banks at 'PSB Manthan at Gurugram in Haryana, Mr Jaitley said, the government has decided to put in more capital from the Budget, through bonds and banks' equity expansion.Union Minister said, the government wants a robust public sector banking system to enhance their ability to support growth and economy. Mr Jaitley said, banks are focussing on supporting MSMEs because the sector, which is creating jobs and giving boost to the economy, has no access to international finance or bond market.



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