The Central Government has announced to infuse Rs 14,500 crore in four state-owned lenders namely Central Bank of India, Indian Overseas Bank, Bank of India and UCO Bank in 2020-21.
The government has decided to borrow Rs 7.24 lakh crore in the first half of 2021-22 fiscal (FY22) to meet resources to revive the economy hit by coronavirus pandemic.
The India's largest lender, State Bank of India, has raised $1 billion from JBIC to extend loans to supply chain of Japanese automobile industry in India.
EXAMIANS