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Govt. to provide banks CAR upto 12%

Dena Bank, Andhra Bank, Vijaya Bank and UCO will be in advantage, with the government`s decision to infuse capital into commercial banks to improve their capital adequacy ratio (CAR), reports Economic Times.

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On Wednesday, the government announced that it would provide banks access to finance to raise their capital adequacy ratio (CAR) up to 12%. CAR is the...

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