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

The Finance Ministry has granted 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. The government had already infused a sum of Rs 25,000 crore in 19 PSBs during FY 2015-16

Source-The Hindu


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