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After board meeting, Indian Oil withdraws Rs 22,000 crore rights issue
The decision came after a communication from the Ministry of Petroleum and Natural Gas, which said that no funds had been earmarked for capital support to Oil Marketing Companies in the 2024-25 Budget
FinMin to provide capital support from Rs 20k cr fund to some PSBs in Q3
The fund infusion would be for meeting regulatory capital requirements if the need arises in October-December quarter, sources said
Not all banks will get capital support of the government in FY18
Capital infusion would be contingent upon performance, reforms undertaken and future road map, official said
