Home BUSINESS The center affects a capital of ₹ 14,500 crore. In four psb

The center affects a capital of ₹ 14,500 crore. In four psb

[ad_1]

The Center has breached new capital of ₹ 14,500 crore in four public sector lenders to improve its financial health. Lenders said they received funds from the Center on Wednesday as part of the central government's investment in the preferential allocation of equity shares from FY21. On Wednesday, Central Bank of India received ₹ 4,800 crore, IOB ₹ 4,100 crore, Bank of India received ₹ 3,000 crore and UCO Bank received ₹ 2,600 crore. As on date, the Center holds 95.84% in IOB, 94.44% in UCO Bank, 89.10% in Bank of India and 89.78% in Central Bank of India and the rest is held by the public. Except for Bank of India, the other three PSBs are under the RBI's prompt corrective action framework.

[ad_2]

Source

Must Read

Do not agree with the claim that Huawei will be blocked: Jay Chen

For the purchase of telecommunications equipment & # 39; reliable sources & # 39; There is uncertainty about the inclusion of the Chinese...

India condemns violence in Myanmar, urges maximum restraint

United Nations: India has condemned the violence Myanmar And mourned the loss of life, as it urged and called for maximum...

Rajinikanth honored with Dadasaheb Phalke Award

The honor is considered India's highest award in cinema. Five days ahead Tamil Nadu ElectionThe Narendra Modi government on Thursday announced the Dadasaheb Phalke...

Split Trap Center, 8 32,835 Crore., Betters revised estimates

Government. Originally budget of 2.10 lakh crores. The government has withdrawn ₹ 32,835 crore from CPSE's share sale and buyback, thus exceeding the disinvestment...

California shooting: At least 4 deaths including child in business complex shooting in Orange city World News

Los Angeles: A Shooting in Southern California Police said the office building on Wednesday killed four people, including a child, and...