Bank Recapitalisation Plan Current Affairs, GK & News

Government to infuse Rs 11,336 crore capital in 5 public sector banks by September-end

July 19, 2018

Union Finance Ministry is planning to infuse additional capital close to Rs 11,336 crore in 5 more public sector banks (PSBs) by September 2018-end. These five state-owned banks are Punjab National Bank (PNB), Corporation Bank, Andhra Bank, Allahabad Bank and Indian Overseas Bank (IOB). Key Facts This round of capital infusion will be done through ..

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Government announces Bank Recapitalisation Plan to infuse Rs. 2.11 lakh crore capital in PSBs

October 25, 2017

The Union Government has announced Bank Recapitalisation Plan to infuse Rs. 2.11 lakh crore ( $32.4 billion) capital over next two years into public sector banks (PSBs) and prioritised financing support for MSMEs in 50 clusters. The capital infusion will be accompanied by a series of banking sector reforms that will be revealed in the coming ..

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