The government today said it will decide about capital infusion in public sector banks in the next 10-15 days as stability is returning to the market. "Very soon now, now that markets are more or less, I see certain amount of confidence in the market and things appear to be stabilising. So anytime now (decision on capital infusion) within the next week, 10 days or fortnight," Financial Services Secretary Rajiv Takru said here.
The government has earmarked Rs 14,000 crore for capital infusion in the public sector banks during the current fiscal. Asked if RBI has more room for rate cut following the status-quo on the stimulus programme of Fed, Takru said, "looking at every event in isolation is not fair. "This (Fed move) would be one of the factors which the RBI will now take into account...So now this (Fed action) will be considered and we will know soon enough."
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