Govt permits 12 PSU banks to raise Rs 3,000 cr from market

Govt permits 12 PSU banks to raise Rs 3,000 cr from market The Central government had infused a sum of Rs 25,000 crore in 19 PSBs during FY 2015-16.In this Rs. 22,915 crore was allocated to 13 PSBs on July 19, 2016. The remaining amount Rs 2,914.038 crore will be released on assessment of performance of 12 PSBs, the Department of Finance in its year-end review for 2016. The Finance

Minister Arun Jaitleyhas granted its approval to 12 proposals of PSBs to raise a sum of Rs 2,914.038 crore through preferential allotment and permission given to raise Rs 200 crore by United Bank of India through QIP mode.