India to inject $2.27 b in state-run banks in 2013/14
Thursday, 24 October 2013 00:00
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REUTERS: The Indian Government will inject a budgeted 140 billion rupees by end-March 2014 in 20 state-run banks, the finance ministry said in a statement on Wednesday, to keep them well capitalised.
Of this, the State Bank of India will get 20 billion rupees, while IDBI and the Indian central bank will get 18 billion rupees each. The government will inject 10 billion rupees in the fiscal year that ends in March in Bank of India, the statement added.
