Recap plan: Govt to infuse over Rs 880 bn into 20 PSBs but with riders

IDBI Bank getting the most at Rs 106 bn, SBI to get Rs 88 bn, Rs 92.32 bn for Bank of India; loans above Rs 2.5 bn will undergo special monitoring

The government today announced Rs 881.39 billion capital infusion in 20 public sector banks (PSBs) during the current fiscal, with IDBI Bank getting the most -- Rs 106.1 billion.

Finance Minister Arun Jaitley said his ministry had undertaken a detailed exercise on the amount of capital to be infused into the PSBs.

The unprecedented Rs 2.1-trillion bank recapitalisation plan announced in October last year was to be spread over two financial years -- 2017-18 and 2018-19. Of the total sum, Rs 1.35 trillion is planned to be raised through recapitalisation bonds, while the banks themselves will raise another Rs