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1 January 2018
 |
Banks (The Total
Investment & Insurance Solutions)
The
government has pumped in capital of Rs7,577cr in six stressed public sector
banks, as per media reports. The capital infusion is much needed and would aid
these banks to improve their capital adequacy. This capital support is a step
in the right direction, as would improve their loan book
growth for quarters to come besides giving room to provide for their bad loans.
The government has disbursed Rs2,257cr to Bank of India, which was recently placed under prompt corrective action by the Reserve Bank of India. The other banks which got capital infusion are IDBI Bank Rs2,729cr, Central Bank of India Rs323cr, Dena Bank Rs243cr, UCO Bank Rs1,375cr, Bank of Maharashtra Rs650crThe Total Investment & Insurance Solutions
The government has disbursed Rs2,257cr to Bank of India, which was recently placed under prompt corrective action by the Reserve Bank of India. The other banks which got capital infusion are IDBI Bank Rs2,729cr, Central Bank of India Rs323cr, Dena Bank Rs243cr, UCO Bank Rs1,375cr, Bank of Maharashtra Rs650crThe Total Investment & Insurance Solutions
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