Capital infusion for PSBs to propel economic activities: SBI

The unprecedented Rs 2.11 lakh crore capital infusion roadmap announced by the government today for the public sector banks will trigger economic activities, said SBI Chairman Rajnish Kumar.

"This milestone announcement on recapitalising banks in one-go is a bold and courageous move and was indeed the need of the hour. It will generate balance in overall demand and supply by bringing more investments in sectors like infrastructure," he said.

These funds will also help in efficiently managing risk and credit capital related requirements of the banks, he said.

"The steps will also encourage private participation, thus boosting growth going forward. The thrust to infrastructure will generate direct and indirect positive cascading effects for a lot of related sectors and will create feel good factor for all stakeholders," he said.