Govt to inject Rs 6211 crore in 5 state-run banksThe government will inject Rs 62.11 billion into five state-run banks to help meet their capital and lending needs, a government statement said on Saturday. The support would be given to Bank of Maharashtra, Central Bank of India, IDBI Bank, UCO Bank and Union Bank of India, the statement said. "These Banks would be able to leverage this capital and lend an additional approximate amount of Rs.77,637 crore to the productive sectors of the economy giving a push to all round economic activity besides paying additional dividends and tax revenues to the Government," it said. |
Sunday, June 13, 2010
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