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Union Government announced to infuse Rs. 2.11 lakh crore capital over the next two years into public sector banks (PSBs). This announcement was made by whom, after in which this recapitalisation plan was approved? 
  • a)
    Finance Minister
  • b)
    Prime Minister
  • c)
    Chief Minister of Delhi
  • d)
    The President
  • e)
    Cabinet
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Union Government announced to infuse Rs. 2.11 lakh crore capital over ...
Answer – 1. Finance Minister
Explanation

On October 24, 2017, Union Government announced to infuse Rs. 2.11 lakh crore capital over the next two years into public sector banks (PSBs). This announcement was made by Finance Minister Arun Jaitley post a cabinet meeting in which this recapitalisation plan was approved. 18000 crore out of Rs. 2.11 lakh crore will be funded through Government’s Indradhanush Plan. In 2015 Government had announced Indradhnush Plan to infuse Rs 70,000 crore in public sector banks over four years to meet their capital requirement as per Basel –III norms.
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Union Government announced to infuse Rs. 2.11 lakh crore capital over the next two years into public sector banks (PSBs). This announcement was made by whom, after in which this recapitalisation plan was approved?a)Finance Ministerb)Prime Ministerc)Chief Minister of Delhid)The Presidente)CabinetCorrect answer is option 'A'. Can you explain this answer?
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Union Government announced to infuse Rs. 2.11 lakh crore capital over the next two years into public sector banks (PSBs). This announcement was made by whom, after in which this recapitalisation plan was approved?a)Finance Ministerb)Prime Ministerc)Chief Minister of Delhid)The Presidente)CabinetCorrect answer is option 'A'. Can you explain this answer? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Union Government announced to infuse Rs. 2.11 lakh crore capital over the next two years into public sector banks (PSBs). This announcement was made by whom, after in which this recapitalisation plan was approved?a)Finance Ministerb)Prime Ministerc)Chief Minister of Delhid)The Presidente)CabinetCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Union Government announced to infuse Rs. 2.11 lakh crore capital over the next two years into public sector banks (PSBs). This announcement was made by whom, after in which this recapitalisation plan was approved?a)Finance Ministerb)Prime Ministerc)Chief Minister of Delhid)The Presidente)CabinetCorrect answer is option 'A'. Can you explain this answer?.
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