Govt. injects funds into 6 public banks

Centre has pumped in capital of Rs.7,577 crore in various weak public sector banks.This capital infusion would help banks shore up their capital adequacy as they close the books for Dec quarter.Govt released Rs. 2,257 crore to BOI, while IDBI Bank was infused with Rs. 2,729 crore.All these banks are saddled with huge NPA & are under the prompt corrective action framework of RBI.

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