Government of India is to provide Rs 670-cr support to which bank? – InterviewSolution

InterviewSolution

1.	Government of India is to provide Rs 670-cr support to which bank?
Answer» In a bid to strengthen capital base, the union government has provided Rs 670 crore to Regional Rural Banks (RRBs) considering their importance in agriculture finance during these difficult times. Of the 43 RRBs, about one-third especially from north-eastern and eastern regions are in losses and they needed fund to meet regulatory capital requirement of 9 per cent, sources said.

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