Government infuses ₹10,882 crore capital in four PSU banks1 min read . Updated: 31 Dec 2018, 09:13 PM IST
The government has already announced infusion of ₹10,086 crore in Bank of India, ₹5,500 crore in Oriental Bank of Commerce and ₹2,159 in United Bank of India
New Delhi: The government Monday infused ₹ 10,882 crore in four public sector banks, including UCO Bank and Syndicate Bank, as part of ₹ 28,615 crore capital infusion to be done in about half a dozen public sector lenders. The bank has received ₹ 3,074 crore in the equity by way of preferential allotment on Monday, UCO Bank said in a regulatory filing.
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