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Finance Ministry announces to give Rs. 48,239 Crore into 12 Public Banks


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On Wednesday, the finance ministry announced that it will infuse Rs. 48,239 crore in 12 public sector banks in this financial year to help them maintain regulatory capital requirements and finance growth plans. Rajiv Kumar said that Rs. 9,086 crore in Corporation Bank and Rs. 6,896 crore in Allahabad Bank will be infused by the govt. Rs. 4,638 crore will be given to Bank of India and Rs. 205 crore to Bank of Maharashtra.