Rs 6,000-crore equity held back from laggard state-run banks

The Central government had announced Indradhanush in 2015 to infuse Rs 70,000 crore out of budgetary allocation

The Centre did not release around Rs 6,500 crore to 13 public sector banks (PSBs) in 2016-17 under the Indradhanush plan as none of the banks met the performance standards.

"The government allocated a sum of Rs. 22,915 in 13 PSBs during the FY 2016-17 under the first tranche of capital infusion out of which a sum of Rs.16,414 (75%) was infused upfront," the Ministry of Finance said in a statement on Wednesday.

The remaining amount of Rs 6,501 crore was supposed to be infused based on the performance of the respective PSBs. "However, none of the banks could achieve the set