There is no proposal currently under consideration of the Government to capitalise private banks, according toi Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs who stated this in a written reply to a question in Rajya Sabha today. He further stated that capital infusion provision of Rs. 10,000 crore in India Infrastructure Finance Company Limited (IIFCL) and Rs. 200 crore in Industrial Finance Corporation of India Limited (IFCIL) is part of the Union Budget proposals for the financial year 2020-21.
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