Multiple choice general knowledge

How much assistance was declared by the central Government to provide 16 public sector banks in India to shore up their capital base?

  1. Rs. 12500 Crore

  2. Rs. 16500 Crore

  3. Rs. 20000 Crore

  4. Rs. 20500 Crore

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Government of India announced a capital infusion package of Rs. 16,500 crore for 16 public sector banks to strengthen their capital base and meet Basel III requirements.