News Report

The central government on 20th December had sought parliament's approval for capital infusion worth Rs 41,000 crore to the ailing state run banks in the current fiscal. 11 out of total 21 Public Sector Banks have been placed under the PCA frame work of the RBI which restricts such PSBs from lending money, in addition to placing other curbs on them. While on the face of it the intention of the government may seem to be noble but why is the gov in such a hurry to infuse such massive amounts of capital instead of improving the operational efficiency of these ailing banks??