Government to infuse Rs11,200 crore in banks

The government will infuse Rs11,200 crore capital in public sector banks in the financial year 2014-15, Finance Minister P Chidambaram said Monday.

The finance minister made this announcement while presenting the interim budget for the fiscal 2014-15 in the Lok Sabha.

Chidambaram said the public sector banks have "opened 5,207 branches so far and nearing the goal of installing an ATM at every branch."