Government's capital infusion in five PSBs credit positive, says Moody's
Updated : July 25, 2018 03:02 PM IST
The government's plan to infuse Rs 11,336 crore in five state-owned banks, including scam-hit PNB, is credit positive and will help these lenders meet the regulatory requirement, according to Moody's.
The other lenders include - Andhra Bank, Allahabad Bank, Corporation Bank and Indian Overseas Bank.
The government will infuse Rs 2,816 crore in Punjab National Bank (PNB), Rs 1,790 crore in Allahabad Bank, Rs 2,019 crore in Andhra Bank, Rs 2,157 crore in Indian Overseas Bank and Rs 2,555 crore in Corporation Bank.
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