The government has decided to double the limits of authorized capital in public sector banks from Rs.1500 crores to Rs.3000 crores to help some lenders such as Punjab National Bank, Canara Bank and Allahabad Bank, which were unable to raise capital.
The decision would enable the banks, which have low capital adequacy ratio, to raise more capital.
Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/finance/Authorised-capital-of-PSBs-doubled-to-Rs-3000-crore/articleshow/5265695.cms
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