Govt May Need to Pump Around Rs 1.5 Lakh Crore into State Banks Hit by Covid-19 Lockdown: Report

The government initially considered a budget of around Rs 2,500 crore for bank recapitalisations but that has risen significantly, said a senior government source, with loan defaults likely to rise as businesses take a severe hit from the lockdown.

from Top Business News- News18.com https://ift.tt/2X6J6V9

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