Working on comprehensive package to help PSU banks: Sinha

The finance ministry has big plans for public sector banks. Jayant Sinha, minister of state for finance has told CNBC-TV18 that North Block is working on a comprehensive package to help state-run banks, which are saddled with huge bad loans. He adds that the finance ministry is trying to understand exactly what the public sector banks' capital requirements are going to be in the next one to three years.

"We are ensuring that as far as banks are concerned, public sector banks are concerned, we put in place a comprehensive package to really strengthen our public sector banks... First and foremost we are working on governance changes. I won't go through those in detail but it's really about restructuring the role of the chairman, the MD, the boards of each of these banks. So governance is the first thing we're working on with respect to banks," he said.