Question

Public sector banks to get _______ via zero-coupon bonds in the Financial Year 22.

Q: Answer-Public sector banks to get _______ via zero-coupon bonds in the Financial Year 22.

The Government has decided to infuse capital of Rs. 15,000 crores to support the weak state-owned banks for FY 2022. Mainly like the Central Bank of India, Punjab and Sind bank are supposed to get this lions share through zero-coupon bonds in the second half of March 2022, which will further help these lenders meet the constricted capital-reserve norms.