capital infusion

Recap plan to boost public sector bank stake sale

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

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

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

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

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

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

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

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

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

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 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

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 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

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 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
Vijaya Bank to get Rs 220 crore capital infusion from govt

Vijaya Bank to get Rs 220 crore capital infusion from govt

State-run Vijaya Bank today said the government has approved a capital infusion of Rs 220 crore in lieu of preferential allotment of shares.

Mar 30, 2016, 13:40 PM IST
UBI to raise Rs 480 crore from govt via preferential allotment

UBI to raise Rs 480 crore from govt via preferential allotment

State-owned United Bank of India (UBI) today said the government has approved capital infusion of Rs 480 crore in lieu of preferential allotment of shares.

Mar 30, 2016, 13:26 PM IST

3 PSU banks to get Rs 2,375-crore capital infusion from govt

As many as three public sector lenders including Bank of India and Central Bank of India on Tuesday received the approval from government for capital infusion of up to Rs 2,375 crore.

 

Mar 29, 2016, 20:23 PM IST