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Empresas y finanzas

India says to inject 721.5 million pounds into nine state-run banks


    MUMBAI (Reuters) - India will inject 69.90 billion rupees (721.50 million pounds) into nine state-run banks including State Bank of India in the financial year 2015, the finance ministry said on Saturday.

    In a statement, it said the plan aimed to reward the banks' efficient use of assets and shareholder funds.

    The move marks a change in the government's usual practice of injecting capital into banks which have suffered difficulties.

    Other lenders due to receive government funds include Bank of Baroda , Punjab National Bank , Canara Bank and Syndicate Bank .

    (Reporting by Abhishek Vishnoi)