Indian government injects $243.7m in Allahabad Bank
Allahabad Bank, a public sector lender, has raised approximately INR17.9bn ($243.74m) from the Government of India (GoI) to beef up…
capital infusion
India’s PNB to seek $748m capital infusion from government
India’s state-owned lender Punjab National Bank (PNB) is planning to seek INR54.31bn ($747.71m) capital infusion from the government. In a…
India reportedly planning to infuse $ 1.65bn in five state-owned banks
The Government of India has reportedly approved a new capital infusion of INR113.36bn ($1.65bn) into five state-owned banks to help…