<h1>Government Approves Rs. 4,557 Crore Capital Infusion into IDBI Bank to Boost Turnaround and Profitability.</h1> The Union Cabinet, led by the Prime Minister, approved a capital infusion of Rs. 4,557 crore into IDBI Bank by the government. This move aims to aid the bank's turnaround, enabling it to return to profitability and normal lending. The infusion, part of a total Rs. 9,300 crore needed, complements LIC's 51% contribution. The government remains a promoter with a 46.46% stake. The bank has improved its financial metrics, reducing net NPAs and enhancing its capital adequacy ratio. This cash-neutral recapitalization will occur through recap bonds, with IDBI Bank expecting to exit the RBI's Prompt Corrective Action framework next year.