Funds would be infused after Parliament approves third Supplementary Demand for Grants in the upcoming Budget session.

Last year, the government announced a revamp plan 'Indradhanush' to infuse Rs 70,000 crore in state-owned banks over four years, while they will have to raise a further Rs 1.1 lakh crore from the markets to meet their capital requirements in line with global risk norms Basel III.

As per the blueprint, PSU banks will get Rs 25,000 crore this fiscal and also in the next fiscal. Besides, Rs 10,000 crore each would be infused in 2017-18 and 2018-19.

Of the Rs 25,000 crore earmarked for 2015-16, the government has pumped in about Rs 20,088 crore in 13 public sector banks so far.

Banks like SBI and Andhra Bank are currently addressing issue of internet connectivity in the 800 identified areas.

Latest News  from Business News Desk