Govt permits 12 PSU banks to raise Rs 3,000 crore from market
In a bid to strengthen capital base of public sector banks (PSBs), the government has allowed 12 lenders to raise nearly Rs 3,000 crore via preferential shares over and above the Rs 22,915 crore capital support committed to them in July last year.
Jan 01, 2017, 20:43 PM IST
Poor asset quality of PSBs a risk to sovereign rating: Moody's
Moody's Investors Service on Tuesday cautioned that a prolonged worsening in asset quality at PSU banks is the main threat to India's sovereign credit profile and made a case for the government bearing some of the cost of cleaning up bank balancesheets.
Apr 26, 2016, 11:45 AM IST
Govt must provide more capital as PSBs can't tap markets: Moody's
Public sector banks (PSBs) will not be able to raise funds from the markets and government will have to provide capital support to them in the near term given their weak solvency position, Moody's has said.
Apr 25, 2016, 15:40 PM IST
IOB seeks Rs 3,500 crore capital support from govt
The bank has also requested Ministry of Finance for the dilution of their shareholding in the bank.
Jun 12, 2014, 18:38 PM IST
