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Current Affairs - 2019
Which public sector bank's authorized capital was increased by the central government in consultation with RBI recently?
A)
Bank of Baroda
B)
Canara Bank
C)
Allahabad Bank
D)
State Bank of India

Correct Answer :   Allahabad Bank


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.

Published On : July 12, 2021
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