Govt equity for PSU banks to be in 3 tranches: Banking Secy

The proposed Rs 12,010 crore government equity infusion into state-owned banks will happen in three tranches through the year, Banking Secretary Hasmukh Adhia told CNBC-TV18 in a telephonic interview.He said the first and second tranches would be released soon, and the third tranche would be released in the last quarter of the year.He said as of now, state-owned banks were adequately capitalized and were compliant with Basel III norms.The government is already looking in to the problems in the steel sector and their fall out on the banking sector, Adhia said.Adhia said the dialogues with states to resolve issues relating to the power sector, will commence soon.Watch video for full interview