2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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42, 000
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85, 000
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56, 000
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65, 000
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Detailed explanation-1: -Centre to infuse ₹15, 000 cr into PSBs in March | Mint.
Detailed explanation-2: -In the Budget 2022-23, the government trimmed the capital infusion target to Rs 15, 000 crore from Rs 20, 000 crore estimated earlier for 2021-22. The first capital infusion through non-interest-bearing bonds was in Punjab & Sind Bank in the third quarter of 2020-21.
Detailed explanation-3: -A. The 12 public sector banks are-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-4: -Bankers and analysts have seen the absence of fresh allocations for PSBs as an acknowledgement of their improving health. The government has lowered the amount set aside for bank recapitalisation to Rs 15, 000 crore in the revised estimates (RE) for 2021-22 from Rs 20, 000 crore in the Budget estimates (BE).
Detailed explanation-5: -Subsequently, the PSU index rose 17% post-April 2022, ” the brokerage said. The performance in the second half was fueled by a sharp 3x improvement in profits to reach Rs 3.3 lakh crore from Rs 1.1 lakh crore over FY20-22.