Centre clears ₹48,239 cr. recapitalisation package for PSBs

The government approved Rs 48,239 crore capital infusion into 12 public sector banks (PSBS) to help them maintain regulatory capital requirements and finance growth plans.It takes the total infusion into government banks to nearly Rs1 lakh crore so far this fiscal year. This capital infusion has a fourfold objective: (i) bringing the better-performing banks currently… Continue reading Centre clears ₹48,239 cr. recapitalisation package for PSBs