Government to infuse Rs 6,990 crore in nine public sector banks, SBI leads the pack
NEW DELHI: Government will soon infuse Rs 6,990 crore in nine public sector banks, including SBI, Bank of Baroda (BoB), Punjab National Bank (PNB) to strengthen their capital and meet global risk standards.
This is the first installment of the capital injection for which the government has allocated Rs 11,200 crore in the budget for 2014-15.
Among the beneficiaries, the largest lender SBI public sector leads the pack with a market capitalization of Rs 2,970 crore market, followed by Rs 1,260 crore BoB, Rs 870 crore rupees and Canara Bank PNB 570 crore
NEW DELHI: Government will soon infuse Rs 6,990 crore in nine public sector banks, including SBI, Bank of Baroda (BoB), Punjab National Bank (PNB) to strengthen their capital and meet global risk standards.
This is the first installment of the capital injection for which the government has allocated Rs 11,200 crore in the budget for 2014-15.
Among the beneficiaries, the largest lender SBI public sector leads the pack with a market capitalization of Rs 2,970 crore market, followed by Rs 1,260 crore BoB, Rs 870 crore rupees and Canara Bank PNB 570 crore
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