TNPSC Thervupettagam

Capital infusion to 12 public sector banks

February 23 , 2019 2130 days 916 0
  • The Finance ministry announced a Rs 48,239 crore capital infusion in 12 public sector banks.
  • It would help them to meet regulatory capital requirements and make growth capital available for the stronger lenders.
  • The capital was allocated keeping in mind the thresholds set by the Reserve Bank of India in the Prompt Corrective Action (PCA) framework.
  • The RBI removed Bank of India, Bank of Maharashtra and Oriental Bank of Commerce from the PCA framework on January 31.
 

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