The government has announced.....rupees capital infusion in 20 public sector banks, PSBs, during the current fiscal ending 31st March to boost lending and revive growth.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The government has announced____rupees capital infusion in 20 public sector banks, PSBs, during the current fiscal ending 31st March to boost lending and revive growth.

A	20, 723 crore rupees
B	51, 520 crore rupees
C	88, 139 crore rupees
D	67, 542 crore rupees

Explanation:

Detailed explanation-1: -Nationalized banks are those in which government has more than 50% shareholding. There are a total of 12 public sector banks in India today. These banks were nationalised and are currently run by the government.

Detailed explanation-2: -They turned the corner during 2020-21 with a combined net profit of Rs 31, 820 crore, supported by impressive loan recovery, reduction in NPAs and windfall gains on their bond portfolio. Subsequently, the combined profit more than doubled to Rs 66, 539 crore in 2021-22 despite COVID-19 pressure.

Detailed explanation-3: -Indian public sector banks must maintain a CAR of 12% while Indian scheduled commercial banks are required to maintain a CAR of 9%.

There is 1 question to complete.