Monday, November 5, 2018

PSBs to get capital infusion

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Government is  likely to finalize the second round of capital infusion for public sector banks by month end,  after taking into account the latest quarter’s performance.

In this round of fund infusion, most of the banks would be getting growth capital for expanding their lending, particularly to micro, small and medium enterprises.

 Prime Minister recently launched a slew of measures, including loan sanction of up to Rs 1 crore in less than an hour and relaxation in labour and environmental laws for MSMEs to give a boost to the sector.

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