Govt to infuse Rs 14K cr in PSU banks in next 15 days

The Government will infuse Rs 14,000 crore in public sector banks within next few days, Financial Services Secretary Rajiv Takru said. 

In the meantime, Economic Affairs Secretary Arvind Mayaram has said that overtly emphasis should not be laid on the decisions of the Fed in the manner in which the economy will unfold.

Talking to reporters at North Block, Takru said: “14,000-crore infusion will be done in one go. Decision can be taken during the next 10-15 days.’’

 “Current non-performing situation does not make us happy but still there is no danger to our banks,’’ he said, while adding that NPA situation will be discussed during the meeting next week.
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