Government to infuse Rs 55,000 crore into Public Sector Banks in a week
FM Nirmala Sitharaman had announced the capital infusion of Rs 55,000 in 10 PSBs to be consolidated into 4 large Banks so that their capital base can be improved.
Sep 11, 2019, 14:47 PM IST
Cabinet may take up capital infusion in BSNL, MTNL in September
The funds infusion in both BSNL and MTNL, according to sources will be through bonds as has been the case of PSU bank recapitalisations.
Sep 09, 2019, 10:31 AM IST
Rs 70K crore PSB infusion to push loan growth by 15%: Moody's
Announcing the capital infusion on Friday, the government also rolled back recent tax hikes on foreign and domestic equity investors in an attempt to boost market sentiment and revive the slowing economy.
Aug 26, 2019, 14:38 PM IST
Recap plan to boost public sector bank stake sale
According to Assocham, once bank lending begins to pick up, there would be consequent advantages by way of higher economic growth and tax buoyancy.
Oct 29, 2017, 15:40 PM IST
Capital infusion of PSBs to support credit growth, job creation
The government on October 24 unveiled Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks, which includes re-capitalisation bonds, budgetary support, and equity dilution.
Oct 25, 2017, 11:18 AM IST
PSU banks may need more than budgeted capital infusion: Mundra
RBI Deputy Governor S S Mundra has said public sector banks may require more than the budgeted Rs 10,000 crore capital infusion from the government in the current fiscal on account of higher provisioning for bad loans and haircut on stressed assets.
Jun 17, 2017, 11:02 AM IST
Govt to infuse Rs 1,894 crore capital in State Bank of India
The government, which is infusing Rs 1,894 crore capital into State Bank of India, has asked the country's largest lender to take necessary regulatory approvals for the fund infusion.
Jan 19, 2017, 21:59 PM IST
Finance Ministry likely to finalise capital infusion plan for PSBs; to exceed Rs 25,000 crore
Based on the request of various lenders which have been impacted by demonetisation amid rising bad loans, the Finance Ministry is likely to finalise capital infusion plan for public sector banks (PSBs) this week.
Jan 15, 2017, 19:06 PM IST
SBI to allot shares to govt for capital infusion of Rs 5,681 crore
Country's largest lender SBI on Saturday said it will issue equity shares on preferential basis to the government for capital infusion of Rs 5,681 crore.
Oct 29, 2016, 19:52 PM IST
FPIs infuse $1 billion in capital markets in September
Foreign investors have pumped in nearly Rs 6,800 crore (USD 1 billion) into the country's capital markets so far this month, driven by global and domestic factors.
Sep 11, 2016, 19:33 PM IST
Next round of capital infusion in PSBs post Q3 results
Government has set parameters for public sector banks for receiving capital support and only those lenders which fulfil the criteria post third quarter results would be eligible for funds.
Sep 04, 2016, 12:58 PM IST
PSBs need Rs 2.5 lakh crore capital over 3 years: S&P
International rating agency S&P Global Ratings on Tuesday said that Indian state-run banks will need Rs 2.5 lakh crore capital infusion over the next three years to meet Basel-III requirements.
Aug 02, 2016, 19:34 PM IST
Submit plans for fund raising from market: FinMin to PSU banks
Having announced capital infusion of Rs 22,915 crore in PSU banks, the Finance Ministry has asked them to submit plans for raising resources through markets, including public offers and sale of non-core assets.
Jul 31, 2016, 12:50 PM IST
IOB, Central Bank to benefit from capital infusion: Moody's
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.
Jul 25, 2016, 13:13 PM IST
Capital infusion to help banks clean balance sheets: SBI chief
Government's decision to release Rs 22,915 crore as first tranche of capital infusion in state- owned banks in the current fiscal will help them clean up the balance sheets and increase lending, SBI chairman Arundhati Bhattacharya said on Tuesday.
Jul 19, 2016, 19:13 PM IST
India to inject $3.4 billion in state banks to revive credit growth
India will inject 229.15 billion rupees ($3.41 billion) in 13 state-run banks to help shore up the cash-strapped lenders and revive loan growth that has hit a two-decade low.
Jul 19, 2016, 14:22 PM IST
Government to begin fresh recapitalisation of ailing public sector banks
The Centre is likely to soon announce the first tranche of the Rs 25,000 crore capital infusion for public sector banks (PSBs), planned for this financial year (2016-17).
Jul 11, 2016, 09:14 AM IST
Indian public sector banks need Rs 1.2 lakh crore capital infusion: Moody's
Indian public sector banks (PSBs) will require a capital infusion of Rs 1.2 lakh crore by 2020, in view of the heavy losses reflected in their balance sheets in 2015-16, global credit rating agency Moody`s Investors Service said in a report on Friday.
Jun 10, 2016, 16:16 PM IST
FM Arun Jaitley to meet heads of PSU banks on June 6
Amid mounting bad loans and record losses by several public sector banks, Finance Minister Arun Jaitley will hold a meeting with the heads of PSBs on June 6 to find ways to deal with the situation.
May 25, 2016, 15:43 PM IST
BBB to meet again today; NPAs, funds infusion on the table
BBB will also decide on filling board-level vacancies in various banks.
Apr 22, 2016, 10:34 AM IST
