The Finance Ministry of India on Wednesday announced to infuse Rs 48,239 crore in PSU Banks. Those 12 banks will be Allahabad Bank, Corporation Bank, Bank of India, Bank of Maharastra, Punjab national bank, Union Bank, Andhra Bank, Syndicate Bank, Central Bank, United Bank, UCO Bank, and IOB.
In a Tweet, Rajeev Kumar, secretary, Department of Financial Services said that the banks would receive the capital to “equip better performing PCA banks to be above the regulatory capital threshold, to help...
NEWS WORLD INDIA | February 20 , 2019
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