CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank will get Rs 1, 100 crore capital infusion from the Government
A
India Bank
B
IOB
C
Canara Bank
D
SBI
Explanation: 

Detailed explanation-1: -Capital infusion refers to the process whereby funds are injected into startup companies or ailing companies by an investor with a financial interest in the company.

Detailed explanation-2: -State Bank of India, Punjab National Bank, Bank of Baroda, Bank of India, Central Bank of India, Canara Bank, Union Bank of India, Indian Overseas Bank, Punjab and Sind Bank, Indian Bank, UCO Bank, and Bank of Maharashtra.

Detailed explanation-3: -PNB tops the list with 10.48 per cent gross NPAs; followed by Central Bank of India and Punjab & Sind Bank (9.67 per cent each), Indian Overseas Bank (8.53 per cent), Bank of India (8.51 per cent) and Union Bank of India (8.45 per cent).

Detailed explanation-4: -Currently, there are 12 government banks in India. State Bank of India, Central Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, Union Bank of India, Bank of Maharashtra, Indian Overseas Bank, Indian Bank, UCO Bank, Bank of India, and Punjab and Sind Bank.

There is 1 question to complete.