CURRENT AFFAIRS

Detailed explanation-1: -The government infused Rs 3, 10, 997 crore to recapitalise banks during the last five financial years i.e., from 2016-17 to 2020-21, out of which Rs 34, 997 crore were sourced through budgetary allocation and Rs 2, 76, 000 crore through issuance of recapitalisation bonds to these banks.

Detailed explanation-2: -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-3: -Capital infusion into public sector banks by the Government of India has not steadily increased in the last decade, there has been a fall in between. Hence, statement 1 is not correct. To put the public sector banks in order, the merger of associate banks with the parent State Bank of India has been affected.

Detailed explanation-4: -As of January 2023, HDFC enjoys a market capitalization of Rs. 9.34 trillion. Headquartered in Mumbai, Housing Development Finance Corporation Ltd. HDFC is the largest private sector bank in India at present and also ranked as Number 1 Bank in India according to as per Forbes World’s Best Bank survey.