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Capital infusion to 12 public sector banks
February 23 , 2019
1974 days
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- 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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