Capital infusion: Punjab & Sind Bank to convene EGM this month to seek shareholders' nod

With the object to strengthen the capital adequacy of the Public Sector Banks (PSBs), the government has decided to infuse capital to the extent of Rs 5,500 crore in the bank. The capital infusion will be by way of creation, issue and allotment of equity shares in favour of government on preferential allotment basis

from Banking/Finance-Industry-Economic Times https://ift.tt/2MKxkO4