Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.374)

374. 

Which public sector bank's authorized capital was increased by the central government in consultation with RBI recently?

[A]. Canara Bank
[B]. State Bank of India
[C]. Bank of Baroda
[D]. Allahabad Bank

Answer: Option D

Explanation:

The central government has increased the authorized capital of state-owned Allahabad Bank from Rs. 3,000 crore to Rs. 8,000 crore after consultation with the Reserve Bank of India.This move by the central government has enabled Allahabad bank to raise further fund up to a maximum ceiling of Rs. 8,000 crore.

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