Govt to inject capital into banks by May: Official
Published on Fri, Mar 19, 2010 at 15:55 | Source : Reuters
Updated at Fri, Mar 19, 2010 at 16:54
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Govt to inject capital into banks by May: Official
The government will pump Rs 90 billion (USD 2 billion) into state-run banks under the first phase of capital injection, a finance ministry official said on Friday.
The government will pump Rs 90 billion (USD 2 billion) into state-run banks under the first phase of capital injection, a finance ministry official said on Friday.
"We will put in the money sometime in April or May," R Copeland, secretary, financial services, in the finance ministry, told reporters.
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