PSU banks set to get ₹28,615 crore capital infusion1 min read 27 Dec 2018, 03:48 PM IST
Of the seven state-owned banks, Bank of India is likely to get the highest amount of ₹10,086 crore
New Delhi: The government is likely to infuse ₹ 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds by the end of this month, sources said on Thursday. This will help banks meet regulatory capital requirement. The disbursement is likely to take place before December 31, sources added. Out of the seven state-owned banks, Bank of India is likely to get the highest amount of ₹ 10,086 crore, followed by Oriental Bank of Commerce, which might get ₹ 5,500 crore through recapitalisation bonds, according to sources.
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