Union Budget 2019: Modi govt injects Rs 70,000 Cr into PSUs

Finance Minister Nirmala Sitharaman during her maiden budget speech announced Rs 70,000 crore as additional capital for public sector banks in a bid to boost the credit. The announcement of the booster will help the PSU banks recover from bad loans and improve their financial health. The announcement of additional capital is part of government's plan to enhance the capital base of PSU banks.