https://www.taxtmi.com/news?id=4880 The budget announces additional capital infusion into public sector banks to enable compliance with Basel III norms, alongside mandates for migration of cooperative and other banks to Core Banking Solution and universal ATM deployment at public sector bank branches. It also establishes a public-sector Women's Bank with initial capital to lend to women, women-run businesses and self-help groups and to employ predominantly women, and creates a standing Council of Experts to assess financial sector competitiveness while awaiting the Financial Sector Legislative Reforms Commission's recommendations. en-us Thu, 28 Feb 2013 15:32:42 +0530 Thu, 28 Feb 2013 15:32:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4880 The budget announces additional capital infusion into public sector banks to enable compliance with Basel III norms, alongside mandates for migration of cooperative and other banks to Core Banking Solution and universal ATM deployment at public sector bank branches. It also establishes a public-sector Women's Bank with initial capital to lend to women, women-run businesses and self-help groups and to employ predominantly women, and creates a standing Council of Experts to assess financial sector competitiveness while awaiting the Financial Sector Legislative Reforms Commission's recommendations. News - Thu, 28 Feb 2013 15:32:42 +0530 https://www.taxtmi.com/news?id=4880