Govt to seek interim dividend from RBI, funds for public banks: S C Garg

The Finance Ministry is likely to seek approval from Parliament for additional funding for state-run banks on Thursday

Economic Affairs Secretary Subhash Chandra Garg on Wednesday said the government will seek interim dividend from the Reserve Bank of India (RBI). 

He also said that the expert committee on Economic Capital Framework has virtually been finalised. "Hopefully soon, it will be announced," he said on the sidelines of an event in New Delhi. 

On a question on whether the government will make an additional capital infusion in public sector banks, Garg said, "Yes... wait for supplementary demand for grants expected tomorrow." 

The Finance