Current Affairs - Banking - Discussion

Punjab National Bank (PNB) approved proposal to raise Rs 5,431 crore capital support from the central government through preferential issue of equity shares. The capital infusion of Rs 5,431 crore by the Central government will be through preferential allotment of the bank's equity shares at a price fixed as per regulation. Finance Minister Arun Jaitley had committed capital infusion to banks following his meeting with chiefs of public sector banks, on 25th September 2018.