Q2 report card, PMI data to hold investor attention this week
Major companies reporting their earnings this week include Lupin, Tata Steel and Union Bank of India.
India should have 5-7 large banks ideally: Arvind Subramanian
Quoting former RBI Governor Y V Reddy, Subramanian said the aim must be to shrink or narrow the scope of the unviable banks.
Oct 25, 2017, 21:07 PM IST
PSB losses on higher provisioning, will provide more funds: Finance Minister
New Delhi: Committing to provide more funds for recapitalisation of state-owned banks, Finance Minister Arun Jaitley on Monday said that cumulative losses of Rs 18,000 crore suffered by them last fiscal were mainly on account of higher provisioning for bad loans.
Jun 06, 2016, 14:54 PM IST
Capital infusion cannot be an endless ritual: House Panel
Pulling up public sector banks, the Standing Committee on Finance on Friday said they should generate funds internally for their recapitalisation instead of depending on budgetary support as it cannot be an "endless ritual".
Jul 31, 2015, 21:56 PM IST
RBI, govt in discussions for recapitalisation of banks: RBI
The government and the central bank are in discussions over recapitalisation of state-owned banks, Reserve Bank Governor Raghuram Rajan said on Thursday.
Jul 02, 2015, 17:26 PM IST
Govt to infuse additional Rs 11,500 crore in PSU banks in FY16
Government is likely to infuse additional USD 1.8 billion (about Rs 11,500 crore) in public sector banks this fiscal over and above USD 1.2 billion earmarked in the Budget, Finance Secretary Rajiv Mehrishi said Friday.
Jun 26, 2015, 21:03 PM IST
India to inject about $3 billion this fiscal year in state-owned banks: Report
The intended injection into state banks is significantly higher than the estimate of Rs 79.4 billion (USD 1.25 billion) given in the government`s budget for this fiscal year.
Jun 23, 2015, 13:41 PM IST
Govt has not decided on recapitalisation figures for banks: FM Jaitley
Talking about the Asian Infrastructure Investment Bank, Jaitley said India will be the second largest shareholder in it after China.
Jun 23, 2015, 13:15 PM IST
Bank in distress too will get capital support from govt: Rajan
Reserve Bank Governor Raghuram Rajan Thursday said that banks in distress will get capital support from the government if they make a clear case for recapitalisation.
Apr 09, 2015, 17:15 PM IST
PSBs should look at alternatives beyond govt infusion: RBI
Welcoming the government's move to selectively allocate capital to lenders, Reserve Bank deputy governor R Gandhi on Tuesday said PSBs will have to look at alternatives beyond the Centre's support for raising money going forward.
Mar 03, 2015, 13:56 PM IST
Gandhi hails new recapitalisation plan for PSBs
Reserve Bank Deputy Governor R Gandhi today welcomed the government's move to give priority for well-performing banks in capitalisation, saying it is the "right message" for improving efficiency of lenders, and flagged concerns over the rising NPAs in the system.
Feb 09, 2015, 19:07 PM IST
Funds needed for SBI merger with subsidiaries: MD
SBI's merger with its subsidiaries would be good for the company but additional capital would be needed for it, a top official said on Saturday.
Aug 02, 2014, 16:47 PM IST
SBI Capital to make report on PSU bank merger within a month
The Finance Ministry has appointed SBI Capital Markets to undertake a study on mergers as well as recapitalisation of state-owned banks and the report is likely to be finalised within a month.
Jul 31, 2014, 16:53 PM IST
