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3 more public sector banks come out of Prompt Corrective Action...

In what is good news for public sector banks across the country, the Reserve Bank of India has taken out 3 more public sector...

Fin. Ministry: 3 to 4 PSBs expected to come out of...

The Finance Ministry of India expects three or four public sector banks (PSBs) to be removed from the Prompt Corrective Action (PCA) within this year. This action by...

Govt. announces Rs.48,239 crore bank recapitalisation plan to help PSBs

The government has announced a new bank recapitalisation plan on Wednesday to help struggling public sector banks boost their growth. Under this plan, 12 public sector...

RBI to inject Rs.10,000 crore more as liquidity deficit widens

The Reserve Bank of India (RBI) announced on Tuesday that it plans to extend the amount of liquidity infusion to Rs.50,000 crore from Rs.40,000...

Allahabad Bank to receive capital infusion of Rs.30.5 billion from the...

With the public sector bank being earlier put under prompt corrective action (PCA) by the Government of India for their net losses caused by...

Syndicate Bank receives capital infusion of Rs.728 crore from Government of...

Syndicate Bank, a leading public sector lender in the country, recently announced that it has received Rs.728 crore as capital infusion from the Government...

As part of recapitalization, Government injects Rs.23.5 billion in the Central...

With banks across the country being plagued with bad loans, non-performing assets, and net losses, as part of recapitalization, the Government of India has...

Flipkart Internet gets capital infusion of more than Rs.3,462 crore from...

According to regulatory documents, Flipkart Internet, which is the marketplace arm of Flipkart, has received a capital infusion of more than Rs.3,462 crore from...

PNB receives Rs.2,816 crore capital infusion from the government

India’s second largest public sector bank Punjab National Bank (PNB) received Rs.2,816 crore under the capital infusion program proposed by the government. PNB announced...

Punjab National Bank and other PSBs to get capital infusion of...

The government is likely to provide capital infusion of around Rs.8,000 crore to about six PSBs that have fallen short of capital requirements. The...