July 11, 2026 04:33 am (IST)
Budget Highlights: Jaitley on banking policies
New Delhi, Feb 29 (IBNS) Union Finance Minister Arun Jaitley on Monday presenting the Union Budget 2016 said the government stands firmly behind public sector banks
Highlights:
Proposal for consolidation roadmap for public sector banks in 2017.
Proposal to allocate Rs 25,000 crore for recapitalization of public sector banks.
RBI Act is to be amended to give statutory backing for monetary policy.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Renault partners with IIT Kanpur to advance next-generation vehicle engineering in India
Fri, Jul 10 2026
Blue Jet Healthcare shares soar 8% after Rs 800 crore fundraise
Fri, Jul 10 2026
Dixon Technologies shares jump after Centre clears big Vivo JV
Fri, Jul 10 2026
SBI's Rs 1,655 crore move ahead of mega IPO—Here's what's happening
Fri, Jul 10 2026
TCS shares jump over 4%! Investors cheer strong FY27 start
Fri, Jul 10 2026
