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Three More State-Run Banks to Get Capital After Rs 11,336-Crore Infusion

Two to three more state-run banks to get capital from the government to meet regulatory requirements.

Nikunj Ohri
Indian two thousand rupee banknotes are arranged for a photograph in Mumbai. Photographer: Dhiraj Singh/Bloomberg

The government may infuse capital in two to three more public-sector banks in a month, a senior official told BloombergQuint requesting anonymity a day after the government decided to fund five state-run lenders to the tune of Rs 11,336 crore.

Also Read: India Is Said to Ready PNB Capital Injection to Aid Bond Payment

The proposed infusion of Rs 11,336 crore takes the total infusion via the recapitalisation bond route to around Rs 91,336 crore.

Bloomberg separately reported Central Bank of India will receive nearly Rs 2,400 crore as part of the government’s fund infusion plans.

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