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Govt lays down strict conditions for capital infusion in PSU banks

Govt lays down strict conditions for capital infusion in PSU banks

Monday, March 20, 2017, 8:04 AM

The government’s Rs8,586 crore capital infusion in 10 weak PSBs in the current fiscal year is based on their meeting strict milestones, including raising capital from other sources and curtailing employee benefits. On 16 March, department of financial services sent a letter to the bosses of these banks detailing the conditions to be met and also asked them to get their employees on board.
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