Govt may set aside Rs 25,000 crore in Budget 2021 for providing fund to state-controlled banks

Updated Jan 20, 2021 | 16:19 IST
The finance ministry has sought details from state-controlled banks on capital requirements, estimated toxic loans and plans to raise funds.
Govt may keep Rs 25,000 crore in Budget 2021 for providing fund to state-run banks; PSBs to submit plans on capital needs.  |  Photo Credit: BCCL
New Delhi: The Centre is likely to consider capital infusion for the public sector banks (PSBs) in the upcoming Budget, and it has reportedly kept aside approximately Rs 25,000 crore in the FY22 budget for providing fund to state-controlled run banks.
Worth mentioning here is that the proposed plan assumes significance as fund infusion will boost state-owned banks as the pandemic has put borrowers under pressure, rising the threat of higher non-performing assets (NPAs).

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