Govt approves Rs 12,200 cr re-capitalization programme for Public Sector Banks
PrintListen to this Article
Government today approved 12,200 crore rupee recapitalisation programme for public sector banks.
The decision was taken in a Cabinet meeting held in New Delhi today.The recapitalisation programme has been undertaken with a view to redress the financial health of public sector banks.
The proposed capital infusion will enhance the lending capacity of the public sector banks to meet the credit requirement of the economy and also to maintain and accelerate the economic growth momentum.
Category : Banking | Comments : 0 | Hits : 324
The Financial Intelligence Unit-India (FIU-IND), in furtherance of the powers conferred upon the Director FIU-IND under Section 13(2)(d) of the Prevention of Money Laundering Act (PMLA), 2002, has imp...
The government on Monday informed the Lok Sabha that all Scheduled Commercial Banks have written off nearly Rs 10.6 lakh crore in the last 5 years, out of which nearly 50 per cent belong to large indu...
The government has cleared the extension of tenure of managing directors of two public sector lenders -- Bank of Maharashtra (BoM) and Central Bank of India. According to sources, Appointments Co...
Comments