Capital infusion

Punjab & Sind Bank shares nearly hit upper circuit

The scrip hit its upper trading limit on the NSE as well, with a gain of 4.80 per cent at Rs 17.45.

Last week the Union Cabinet had decided to put on hold the merger of National Insurance, The Oriental Insurance and United India Insurance.

In October last year, the Finance Ministry had announced capital infusion of Rs 3,800 crore which was later increased by Rs 560 crore.

These infusions by the government are a part of the Rs 70,000 crore recapitalization

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