Govt to infuse Rs 48\,239 cr in 12 PSBs; Corporation Bank gets Rs 9\,086 cr

Govt to infuse Rs 48,239 cr in 12 PSBs; Corporation Bank gets Rs 9,086 cr

Allahabad Bank will be provided Rs 6,896 crore

BS Web team  |  New Delhi 

The government will infuse Rs 48,239 crore in 12 PSU banks to help them maintain regulatory capital requirements and finance growth plans, said financial services secretary Rajeev Kumar on Wednesday.

Rs 4,638 crore and Rs 205 crore will be provided to and These banks have recently come out of the regulatory supervisory framework PCA of the RBI.

Kumar said will get Rs 5,908 crore, Union Rs 4,112 crore, Rs 3,256 crore and Rs 1,603 crore.

The government will pump in Rs 12,535 crore in four other banks under PCA -- Central Bank of India, United Bank, and

The government in December had infused Rs 28,615 crore into seven (PSBs) through recapitalisation bonds.

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First Published: Wed, February 20 2019. 16:43 IST