Choose a language
Shortpedia Categories
Company
Download App




India may need to pump Rs 1.5 trillion into state-owned banks to revive them

Shortpedia
Content Team
Image Credit: shortpedia

According to some government sources, India may need to inject up to 1.5 trillion rupees ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic. The government initially considered a budget of around 250 billion rupees for bank recapitalisations but that has risen significantly. A final decision could be taken in the second half of the fiscal year.


SMART CONTENT APP Hand picked content everyday

Shortpedia is a short news app which provide latest news in 70 words in Hindi or English Language. Read Breaking News on our Mobile App which is available on Google Play Store & Apple App Store.

Download App


Copyright © 2019 ShortPedia. All Rights Reserved.