Question

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

A ₹15,000 crore Correct Answer Incorrect Answer
B ₹11,000 crore Correct Answer Incorrect Answer
C ₹20,000 crore Correct Answer Incorrect Answer
D ₹18,000 crore Correct Answer Incorrect Answer
E ₹19,000 crore Correct Answer Incorrect Answer

Solution

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 lion’s share through zero-coupon bonds in the second half of March 2022, which will further help these lenders meet the constricted capital-reserve norms. 

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