Friday, October 4, 2013

India to enhance capital infusion into PSU banks

The government Thursday decided to substantially enhance capital infusion into public sector banks to enable them provide cheap loans for two-wheelers and consumer durables to stimulate demand. The decision was taken at a meeting of the top economic policymakers that included Finance Minister P. Chidambaram, Reserve Bank of India Governor Raghuram Rajan and Economic Affairs Secretary Arvind Mayaram............

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