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Insurers welcome FDI hike; PwC sees inflow of Rs 1 lakh cr

Last Updated: Thursday, July 24, 2014, 22:18

Private sector insurers welcomed the government move to increase foreign holdings to 49 percent from the existing 26 percent saying the move will benefit companies and customers and would help bring in new technology and better services.

'Nod to 49% FDI in insurance to drive capital infusion'

Last Updated: Thursday, July 24, 2014, 19:25

Welcoming the Cabinet approval to raise FDI ceiling in insurance, India Inc on Thursday said the move will drive capital infusion in the cash-starved sector by attracting investments from foreign players, enhance insurance cover and push firms to provide long-term savings vehicles.

BoM seeks Rs 1,000 cr from govt in FY15

Last Updated: Monday, July 21, 2014, 17:15

The Bank of Maharashtra has sought Rs 1,000 crore capital infusion from the government and may hit the market next year to meet its fund requirement.

Dena Bank seeks Rs 1,200 cr fresh capital from govt

Last Updated: Sunday, July 06, 2014, 18:07

State-run lender Dena Bank has sought Rs 1,200 crore capital infusion from government in the current fiscal, a top bank official has said.

UCO Bank seeks Rs 1,000 crore capital infusion from govt

Last Updated: Saturday, June 21, 2014, 21:49

The bank expects credit and deposit growth of 15-16 percent in 2014-15.

Market share of PSU banks to fall to 60% by 2025: Report

Last Updated: Wednesday, May 21, 2014, 15:45

Currently there are over 27 public sector banks, over 15 private sector lenders and 30 foreign banks in India.

PSU banks to get add'l capital infusion of Rs 8,000 cr

Last Updated: Tuesday, May 13, 2014, 17:27

The government is likely to infuse additional capital of up to Rs 8,000 crore in public sector banks in the current fiscal to expand their capital base.

PSU banks may get additional capital infusion of Rs 7,000 cr

Last Updated: Wednesday, April 23, 2014, 20:34

To further enhance capital base, the government is planning to make additional infusion of up to Rs 7,000 crore in the public sector banks during the current fiscal.

SBI says Rs 11,200 crore infusion may be too low

Last Updated: Monday, February 17, 2014, 20:57

Country's largest bank SBI Thursday said the Rs 11,200-crore budgetary allocation for state-run banks' recapitalisation for FY'15 may not be sufficient given the systemic credit growth and migration to the capital-intensive Basel-III framework.

Govt plans to infuse Rs 11,200 crore in PSU banks in 2014-15

Last Updated: Monday, February 17, 2014, 13:58

Finance Minister P Chidambaram Monday proposed to infuse Rs 11,200 crore in public sector banks to enhance their capital in the next financial year.

Union Bank raises Rs 2,000 cr to shore up capital

Last Updated: Friday, November 22, 2013, 15:50

Union Bank of India on Friday raised Rs 2,000 crore through issuing bonds that are compliant with the global banking norms, Basel III.

PSU banks to depend on govt for equity infusion: India Ratings

Last Updated: Tuesday, November 12, 2013, 22:44

Falling internal accruals and pressure to grow loan portfolio will make public sector banks depend more on the government for capital, a rating agency said in a report Tuesday.