Bank recapitalisation: PNB, IDBI Bank, SBI received maximum funds in 2 years

The Government of India (GoI) said it recapitalised public sector banks (PSBs) to the tune of Rs 2.11 lakh crore in October 2017.

The Government of India (GoI) said it recapitalised public sector banks (PSBs) to the tune of Rs 2.11 lakh crore in October 2017.
 
The money was provided by by the government and also via raising of capital by banks from the markets.
 
In 2017-18, Rs 88,139 crore was infused by the government in PSBs after the recapitalisation announcement. The government in its Budget announcement made provisions of Rs 65,000 crore for the current financial year. 
 
Since then, PSBs have been recapitalised to the tune of Rs 1,28,861 crore through infusion and mobilisation of capital from the market. This was stated by Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in Rajya Sabha on Tuesday. 
 
A total of 20 banks have received the capital infusion from the government in FY18 and FY19 so far, among which Punjab National Bank received the maximum amount of Rs 13,900 crore. IDBI Bank and the State Bank of India followed with Rs 12,471 crore and Rs 8,800 crore, respectively.
 
Other banks who received capital infusion included Allahabad Bank Rs 6,444 crore; Andhra Bank Rs 3,909 crore; Bank of Baroda Rs 5,375 crore; Bank of India Rs 9,232 crore; Bank of Maharashtra Rs 3,173 crore; Bank of Maharashtra Rs 3,173 crore; Canara Bank Rs 4,865 crore; Central Bank of India Rs 7,512 crore; Corporation Bank Rs 4,742 crore; Dena Bank Rs 3,045 crore; Indian Overseas Bank Rs 6,851 crore; Oriental Bank of Commerce Rs 3,571 crore; Punjab and Sind Bank Rs 785 crore; Syndicate Bank Rs 3567 crore; UCO Bank Rs 6,507 crore; Union Bank of India Rs 4,524 crore; United Bank of India Rs 2,634 crore; and Vijaya Bank Rs 1,277 crore.

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