DELHI, JAN. 3:
The Government may soon consider a proposal for capital infusion of Rs 12,000 crore in various state-owned banks, a top Finance Ministry official has said. The formal approval of the Cabinet has been sought and this may be taken up next week, D. K. Mittal, Secretary, Department of Financial Services (DFS), said.
Also, the DFS is seeking nod for not coming back to the Cabinet up to 2018 for all the capital infusions to be made into public sector banks (PSBs) for Basel III rules purposes.
The thinking is Cabinet approval should not be necessary if bank capital infusion funds are being provided through the Union Budget.
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