Punjab National Bank (PNB) had received capital infusion of Rs 1,247.99 crore from the government on March 4 following the allotment of 1.42 crore equity shares of the face value of Rs 10 each at a premium of Rs 863.05 on preferential basis to the government.
This is part of the Rs 12,517 crore capital infusion plan announced by the government in January. 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.
