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Govt set to release Rs 286.15-bn bank recapitalisation funds before Dec-end

The government is to infuse Rs 830 billion into public-sector banks in the remaining months of 2018-19

banks, recapitalisation
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BS Web Team New Delhi
The central government would release Rs 286.15 billion before the end of this month towards a fresh tranche of funds to recapitalise state-run banks, according to a source in the finance ministry.

Of this, United Bank of India is likely to get Rs 21.59 billion, Central Bank of India Rs 16.78 billion, Bank of India Rs 100.86 billion, Uco Bank Rs 30.56 billion, Oriental Bank of Commerce Rs 55 billion, Bank of Maharashtra Rs 44.98 billion, and Syndicate Bank Rs 16.38 billion.

It was reported earlier that the government would infuse Rs 830 billion into public-sector banks in the remaining months of

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