Govt Committed To Infusing Funds In PSU Banks, Says Pranab

The government will recapitalise the state-owned banks to help them tide over the problems arising out of slow economic growth, Finance Minister Pranab Mukherjee said here today.

“Going forward if GDP growth slows down, there could be some impact on asset quality (of banks),” Mukherjee said while addressing an event organised by the Indian Merchant Chamber (rpt) Chamber in collaboration with ICAI.

From: http://ping.fm/6WZUB