The Finance Ministry on Wednesday declared to siphon in ?48,239 crore in 12 open area banks (PSBs) in this monetary to enable them to keep up administrative capital necessities and account development designs. 

Money related Services Secretary Rajiv Kumar said that the administration will mix ?9,086 crore in Corporation Bank and ?6,896 crore in Allahabad Bank — the two "better-performing" banks as of now under the Prompt Corrective Action (PCA) supervision of the Reserve Bank of India (RBI). 

Further, ?4,638 crore and ?205 crore will be given to Bank of India and Bank of Maharashtra. These banks have as of late left the administrative supervisory structure PCA of the RBI. 

Mr. Kumar further said Punjab National Bank will get ?5,908 crore, Union Bank of India ?4,112 crore, Andhra Bank ?3,256 crore and Syndicate Bank ?1,603 crore. 

The legislature will siphon in ?12,535 crore in four different banks under PCA — Central Bank of India, United Bank, UCO Bank and Indian Overseas Bank. 

The legislature in December had mixed ?28,615 crore into PSBs through recapitalisation bonds.

Also Read:- Republic Day 2019 highlights: 58 tribal guests, 22 tableaux mark 90-minute iconic parade at Rajpath


Follow Knowledge Guru on Twitter, Facebook, LinkedIn, RedditMix, Pinterestbe updated with latest news, Stay in the know with what's happening in the tech world. Get the best of news stories and information about “Innovation & Tech, Business, Startups, Latest News, Photography and trending”. Subscribe to Knowledge Guru Newsletters. For more details email us at knowledgeguru2019@gmail.com