Govt infuses Rs 1,248 cr in PNB, Bank of India gets Rs 809 cr

Govt infuses Rs 1,248 cr in Punjab National Bank (PNB), Bank of India gets Rs 809 cr.

Two state owned lender Punjab National Bank (PNB) and Bank of India (BoI) today said they have received capital infusion of over Rs 2,050 crore, following the allotment of preferential shares to the government.

The bank has received allotment money of Rs 1,247.99 crore from the Government of India on March 4, 2013, PNB said in a filing on the Bombay Stock Exchange (BSE).

BoI, on the other hand, received Rs 808.99 crore from the government following allotment of 2.21 crore shares at a price of Rs 365.70 per unit on preferential basis.

Last year, PNB got capital infusion of Rs 1,285 crore.

The government infused about Rs 20,117 crore in public sector banks during 2010-11, and Rs 12,000 crore in 2011-12.

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