Govt Allocates Rs 22,915 Crore Majuscule To Thirteen Populace Sector Banks

To heighten lending operations in addition to to elevate to a greater extent than coin from the market, the Indian Government today allocated Rs 22,915 crore uppercase to xiii PSU banks including State Bank of Republic of Republic of India (SBI), Punjab National Bank (PNB) in addition to Indian Overseas Bank (IOB). The State Bank of India has got the maximum Rs 7,575 crore followed past times Indian Overseas Bank that got Rs 3,101 crore in addition to Punjab National Bank which got 2,816 inwardness of funds from the government.

75% of the sum allocated is beingness released at i time to furnish liquidity back upwards for lending operations
equally besides to enable banks to elevate funds from the market, the remaining sum volition live released based on performance, amongst detail reference to greater efficiency, increase of both credit in addition to deposits in addition to reduction inwards the toll of operations.
Important Note :  This is the get-go tranche of uppercase infusion for the financial in addition to to a greater extent than funds would live provided inwards futurity depending upon the performance of PSU banks.

Here is the Complete listing along amongst the sum (in crore)

S. No
Name of the Bank
Amount (in Crore)
1
Allahabad Bank
44
2
Bank of India
1784
3
Canara Bank
997
4
Central Bank of India
1729
5
Corporation Bank
677
6
Dena Bank
594
7
Indian Overseas Bank
3101
8
Punjab National Bank
2816
9
State Bank of India
7575
10
Syndicate Bank
1034
11
UCO Bank
1033
12
Union Bank of India
721
13
United Bank of India
810
Total
22915

 

sponsored links

Leave a Reply