India to Give 140 Billion Rupees to State Banks in Extra Budget

India plans to provide 140 billion rupees ($2.8 billion) to state-run banks in a supplementary budget, and will invest more than 30 billion rupees in State Bank of India this fiscal year, a finance ministry official told reporters in New Delhi today. He declined to be named citing government policy.

To contact the reporter on this story: Anto Antony in New Delhi at aantony1@bloomberg.net

To contact the editor responsible for this story: Sam Nagarajan at samnagarajan@bloomberg.net

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