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: –The capital of the Bank shall be five crores of rupees.] 5. Increase and reduction of share capital.

Detailed explanation-3: -crore, the government nationalised it in January 1949, making the sovereign the “owner”. What the RBI does is transfer the surplus - excess of income over expenditure -to the government.