Public Sector Banks (PSBs) have received approval from the finance ministry to raise ₹25,200 crore in FY25 from the equity markets:

Public Sector Banks (PSBs) have received approval from the finance ministry to raise ₹25,200 crore in FY25 from the equity markets:

Daily Current Affairs   /   Public Sector Banks (PSBs) have received approval from the finance ministry to raise ₹25,200 crore in FY25 from the equity markets:

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Category : Business and economics Published on: November 30 2024

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  • Public sector banks (PSBs) have received approval from the finance ministry to raise ₹25,200 crore during the financial year 2024-25 through equity markets. 
  • This capital-raising initiative aims to support the growth plans of PSBs and ensure compliance with the regulatory requirement of maintaining a minimum public shareholding (MPS) of 25%.
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