Union Budget 2014 Business Today coverage
Business Today
Budget: SBI says Rs 11,200 cr infusion may be too low

State Bank of India (SBI) said the Rs 11,200-crore budgetary allocation for state-run banks' recapitalisation for FY15 may not be sufficient given the systemic credit growth and migration to the capital-intensive Basel-III framework.

The importance of the manufacturing sector has not only been given lip service but excise duty has also been reduced on many products, including capital goods.