9 PSBs to get a capital infusion of `6,990 cr

9 PSBs to get a capital infusion of `6,990 cr

The Finance ministry has announced that 9 public sector banks (PSBs) will soon get a capital infusion of `6990 crore, drawn from the `11,200-crore provided for capitalisation of banks in this year’s Budget. These PSBs, which have been allocated funds, include the State Bank of India (`2,970 crore), Bank of Baroda (`1,260 crore), Punjab National Bank (`870 crore), Canara Bank (`570 crore), Syndicate Bank (₹460 crore), Allahabad Bank (`320 crore), Indian Bank (`280 crore), Dena Bank (`140 crore) and Andhra Bank (`120 crore).