What amount of capital infusion was announced by the government for banks in fiscal 2020-21?

• A. Rs 15,000 crore
• B. Rs 25,000 crore
• C. Rs 14,500 crore
• D. Rs 30,000 crore

Answer: (C)

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.