Govt approves â¹11,300 crore capital infusion in 5 banks
The government has approved capital infusion of â¹11,336 crore in five state-run banks including PNB, Corporation Bank and Andhra Bank to help them meet regulatory capital requirement, according to reports. This is the first ever capital infusion in the current fiscal. The infusion is a part of remaining â¹65,000 crore out of â¹2.11 trillion capital infusion over two financial years.