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Bank Recapitalization News

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The recapitalization bonds will not be sold in open market and will be issued to all banks.
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Indian Overseas Bank and Central Bank of India will benefit from the government's recent capital infusion as they have got a higher share as a proportion of their share capital, Moody's said on Monday.
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Shares of state-run banks today soared by up to 12 percent after Reserve Bank announced amendments to recognise more balance sheet items as common equity tier-I capital which will help unlock up to Rs 35,000 crore for these lenders impacted by asset quality troubles.






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