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Govt reassures state banks of capital infusion as they struggle due to coronavirus pandemic

Updated : April 06, 2020 06:28 AM IST

New Delhi may need to make a provision of at least Rs 200-250 billion ($5.90 billion) for capital infusion in state-run banks.
Indian banks are burdened with a bad loan pile of nearly $140 billion and the lion's share of it rests with the state-owned banks. Meanwhile, loan growth for the banking industry has also plummeted to the low single digits putting a further strain on these lenders.
Govt reassures state banks of capital infusion as they struggle due to coronavirus pandemic

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