|Chennai||Rs. 28730.00 (1.13%)|
|Mumbai||Rs. 29740.00 (-0.13%)|
|Delhi||Rs. 29200.00 (0%)|
|Kolkata||Rs. 29350.00 (0%)|
|Kerala||Rs. 28000.00 (0%)|
|Bangalore||Rs. 28400.00 (0%)|
|Hyderabad||Rs. 28470.00 (-0.11%)|
Union Finance Minister P.Chidambaram has taken steps in the Union Budget 2013-14, presented in the Parliament on Thursday, to ensure adequate capitalization of the public sector banks.
The public sector banks will be provided with an infusion of Rs 14,000 crore additional capital in 2013-14 budget estimates to enable them to meet the BASELIII norms.
Chidambaram said Rs 12,517 crore infusion of capital into the 13 Public Sector Banks shall be done by March 2013.
In order to achieve financial inclusion in addition to all Scheduled Commercial banks and RRBS, all the Cooperative Banks and other Banks will now shift to Core Banking Solution (CBS) by 31 March 2013. All Branches of Public Sector Banks in the country will have ATMs by the deadline of 31st March, 2014.