Govt to inject capital into banks by May

19 Mar 2010, 1630 hrs IST, 

Source:REUTERS


MUMBAI: The government will pump Rs 90 billion

($2 billion) into state-run banks under the first phase

of capital injection, a finance ministry
official said on Friday.

"We will put in the money sometime in April or May,"
R Copeland, secretary, financial services, in the finance ministry, told reporters.