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Government has infused a capital of Rs.205 crore into which bank in March 2019?
Question

Government has infused a capital of Rs.205 crore into which bank in March 2019?

A.

Union Bank

B.

Bank of Maharashtra

C.

Punjab National Bank

D.

Axis Bank

Correct option is B

The correct answer is(b) Bank of Maharashtra.
· In March 2019, the Government of India infused a capital of Rs. 205 crore into the Bank of Maharashtra as part of its recapitalization plan for public sector banks. This infusion was aimed at strengthening the bank's capital base, enhancing its financial stability, and enabling it to meet the regulatory capital requirements.
Information Booster:
· Capital Infusion: The process by which the government provides additional capital to public sector banks to strengthen their financial position.
· Bank of Maharashtra: A major public sector bank headquartered in Pune, Maharashtra.
· Purpose of Recapitalization: To help banks improve their capital adequacy, address non-performing assets (NPAs), and enhance their lending capacity.

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