2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank received a capital infusion of Rs 5, 042 Crore from the government, recently?
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IDBI Bank
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Dena Bank
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Bank of Baroda
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Union Bank of India
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Explanation:
Detailed explanation-1: -Centre has announced to provide capital support to weak public sector lenders like the Central Bank of India and Punjab & Sind Bank. Such banks will get a big chunk of the ₹15,000 crore earmarked for capital infusion in state-owned banks for the current fiscal.
Detailed explanation-2: -Capital infusion. Often refers to the cross-subsidization of divisions within a firm. When one division is not doing well, it might benefit from an infusion of new funds from the more successful divisions.
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