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Government allocates funds for Public Sector Banks' capitalisation needs in 2016-17

Government allocates funds for Public Sector Banks' capitalisation needs in 2016-17

New Delhi, Jul 19 (IBNS): The Union Ministry of Finance announced on Tuesday that in line with the announcements made under 'Indradhanush' and the Union Budget, the central Government has undertaken an exercise to assess the capitalisation needs of Public Sector Banks during the year 2016-17.