Govt approves Rs 48,239 crore Capital Infusion in PSBs

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Biznextindia : The Union Finance Ministry today approved Rs 48,239 crore capital infusion into 12 public sector banks (PSBS) in this financial year to help them maintain regulatory capital requirements and finance growth plans.

“Govt approves Rs. 48239 cr recap to 12 PSBs (Rs.1 lakh cr in FY) to equip 2 better-performing PSBs to be above reg PCA triggers, ensure PSBs brought out remain above PCA triggers, avoid PCA for PSBs in breach, & min reg capital for all PCA PSBs,” DFS Secretary Rajeev Kumar said in a tweet.

 

Out of this Rs 48,239 crore, Corporation Bank to get the highest capital infusion of Rs.9086 Crore followed by Allahabad Bank which will get Rs.6896 Crore. While, PNB to get Rs.5908 Crore, Bank of India to get Rs.4638 Crore and Union Bank to get Rs.4112 Crore.

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