Recap bonds may be infused in the PSU banks

The finance ministry may infuse about Rs 70,000 crores through recapitalization bonds in the NPA-hit public sector banks in the near future.

Finance Minister Arun Jaitley had announced an unprecedented Rs 2.11 lakh crores two-year road map for strengthening public sector banks. The plan included re- capitalization bonds of Rs 1.35 lakh crores.