Government to infuse Rs 48,239 cr for recapitalisation of 12 PSBs

• Finance Ministry on February 20, 2019 has announced to infuse Rs 48,239 Crore in 12 public sector banks in this fiscal year (till March 2019). This is to help these banks maintain regulatory capital requirements and finance growth plans.

• Corporation Bank will get the highest amount i.e Rs 9,086 crore followed by Allahabad Bank with Rs 6,896 crore.

• The government in December had infused Rs 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds.