The government in July decided to infuse ₹11,336 crore in five state-owned lenders including PNB, Corporation Bank and Andhra Bank to help them meet regulatory capital requirement. Photo: Pradeep Gaur/MintNew Delhi: Punjab National Bank (PNB) Wednesday said it plans to seek ₹5,431 crore capital support from the government a day after finance minister Arun Jaitley assured state-owned banks of all support from the government. ALSO READ: PNB shareholders approve ESPS scheme, ₹2,816 crore capital infusionThe government infused ₹2,816 crore as capital infusion via preferential allotment of equity shares this month to meet regulatory ratios. The infusion was part of remaining ₹65,000 crore out of ₹2.11 trillion capital infusion over two financial years. ALSO READ: PNB invites bids from ARCs/FIs for 21 NPA accounts to recover ₹1,320 croreThe government announced ₹2.11 trillion capital infusion programme October last year.

Source: Mint September 26, 2018 11:26 UTC