The government of India infuses nearly Rs ..... cr capital in public sector banks.

2023

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The government of India infuses nearly Rs ____ cr capital in public sector banks.

A	Rs. 5, 000
B	Rs. 9, 000
C	Rs. 11, 000
D	Rs. 17, 000

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.

Detailed explanation-3: -The minimum net worth of such small finance banks shall be Rs. 100 crore from the date of commencement of business.

There is 1 question to complete.