The Narendra Modi government has approved the recapitalisation of 12 major Public Sector Banks through infusion of a sum of INR 48,239 crore.
Here are the infusion details:
- Allahabad Bank: INR 6,896 Crore
- Andhra Bank: INR Rs 3,256 Crore
- Bank of India (BoI): INR 4,638 Crore
- Bank of Maharashtra (BoM): INR 205 Crore
- Central Bank of India (CBI): INR 2,560 Crore
- Corporation Bank: INR 9,086 Crore
- Indian Overseas Bank (IOB): INR 3,806 Crore
- Punjab National Bank (PNB): INR 5,908 Crore
- Syndicate Bank: INR 1,603 Crore
- UCO Bank: INR 3,330 Crore
- Union Bank of India (UBI): INR 4,112 Crore
- United Bank of India: INR 2,839 Crore
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