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FM Extends Capital Support For Banks

The Union Budget 2012-13 offered to provide a sum of Rs 15,880 crore capital support to all state-run banks to help maintain their tier - I capital.

According to the revised Estimates 2011-12, the government already infused Rs 12,000 crore capital in public sector lenders in the current fiscal year to enable them maintain a minimum Tier I CRAR at 8 percent as on March 31, 2012 and also to increase shareholding of the government of India in the banks to 58 percent.

by RTTNews Staff Writer

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