Govt recapitalised PSBs with Rs 3.10 lakh crore capital infusion over last five years: Minister
"Government has infused Rs 3,10,997 crore to recapitalise banks during the last five financial years i.e., from 2016-17 to 2020-21, out of which Rs 34,997 crore were sourced through budgetary allocation and Rs 2,76,000 crore through issuance of recapitalisation bonds to these banks," Minister of State for Finance Bhagwat Karad said in a written reply in the Lok Sabha.
Govt yet to decide on banks to be privatised, say MoS Finance Bhagwat Karad"As per inputs received from Department of Investment and Public Asset Management (DIPAM), the government has not yet decided on the banks that are to be privatised. The amendments to the relevant Acts are required to be done before initiating the process of privatisation," Karad said in a written reply to the Lok Sabha.
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