NEW DELHI (Reuters) - India's state-owned banks have made a "strong case" for higher capital infusion by the government, Finance Minister Arun Jaitley said on Friday, adding he saw a merit in the demand.
"This is a strong case that the banks have made and therefore, I do believe that it's a case which merits the government seriously looking into it," Jaitley told a news conference after a meeting with bankers.
He, however, didn't specify how much more the government was ready to inject.
Jaitley has budgeted to infuse 79.4 billion rupees ($1.24 billion) in the fiscal year 2015/16 to shore up the capital of the state-run banks. But a central bank deputy governor said on Thursday the budgeted amount was not adequate.
($1 = 64.0600 rupees)
(Reporting by Aditya Kalra; Editing by Sumeet Chatterjee)
