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National News

Jan 01, 2019
9:08PM

Govt infuses nearly Rs 11,000 cr capital in public sector banks

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The government has infused 10,882 crore rupees in four public sector banks, including UCO Bank and Syndicate Bank. It is part of 28,615 crore rupees capital infusion to be done in seven public sector lenders. 

UCO Bank has received 3,074 crore rupees in the equity by way of preferential allotment yesterday. Besides, Bank of Maharashtra got 4,498 crore rupees, Syndicate Bank 1,632 crore and the Central Bank of India 1,678 crore.

The government has already announced infusion of 10,086 crore rupees in Bank of India, 5,500 crore in Oriental Bank of Commerce and 2,159 in United Bank of India.

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