Six PSBs, including PNB, may get capital infusion of Rs 80 billion: Report

In May this year, the finance ministry had begun the process of ascertaining the amount of capital to be infused into PSBs this financial year

Around six public sector banks (PSBs), including the Punjab National Bank (PNB) that has been hit by the Nirav Modi scam, might get a capital infusion of about Rs 80 billion from the government, The Economic Times on Tuesday reported, while citing an unnamed senior finance ministry official. These banks are likely to fall short of regulatory capital requirements. 

The official told the financial daily that some banks that have issued additional tier 1 capital bonds, with the interest payments being due, would not be allowed to make the required payments if they didn't meet the regulatory capital norms. The