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Capital infusion in 4 PSBs
April 4 , 2021
1334 days
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- The Central Government has announced to infuse Rs 14,500 crore in four state-owned lenders in 2020-21 by issuing non-interest-bearing bonds to the banks.
- The four state-owned lenders are
- Central Bank of India,
- Indian Overseas Bank,
- Bank of India and
- UCO Bank.
- This infusion will complete the government’s total capital infusion of Rs 20,000 crore in public sector banks for the current financial year 2020-21.
- Earlier in December 2020, it infused Rs 5,500 crore in Punjab and Sind Bank.
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