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.

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.

 

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.

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.

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.

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.

 

BoI to get Rs 1,150-cr capital infusion from govt

State-run Bank of India (BoI) on Tuesday said the government has approved a capital infusion of Rs 1,150 crore in lieu of preferential allotment of shares.

UCO Bank, Syndicate Bank, other PSBs to get capital of Rs 5,050 crore by govt

UCO Bank, Syndicate Bank, other PSBs to get capital of Rs 5,050 crore by govt

Parliament has already approved Rs 5,050 crore for meeting additional expenditure on recapitalisation of public sector banks (PSBs) earlier this month.

Govt to announce PSBs' consolidation plan; to infuse Rs 25,000 crore

Govt to announce PSBs' consolidation plan; to infuse Rs 25,000 crore

Government will unveil a roadmap for consolidation of public sector banks (PSBs) which are expected to get an infusion of Rs 25,000 crore next fiscal, Finance Minister Arun Jaitley said Monday.

Finance ministry seeks banks' view on more capital infusion

Finance ministry seeks banks' view on more capital infusion

Pursuant to public sector banks' revamp plan, Indradhanush, Finance Ministry has asked NPA-laden state-run lenders to present their business plans to understand their incremental capital requirement following the RBI directives to clean up their books.

Vijaya Bank seeks Rs 5K-cr from Centre under capital infusion

Vijaya Bank seeks Rs 5K-cr from Centre under capital infusion

The bank would also issue bounds under Tier 2 capital to collect Rs 3,000 crore

BOI, UBI issue pref shares worth Rs 3,534 crore to govt

In a separate filing, Bank of India said it has allotted 12,70,04,655 equity shares to government on September 30, 2015.

 

Govt infuses Rs 13,955 crore capital into 8 PSU banks

Govt infuses Rs 13,955 crore capital into 8 PSU banks

Eight public sector banks, including SBI, Punjab National Bank and Bank of Baroda, Wednesday said they have allotted equity shares on preferential basis to the government against capital infusion of Rs 13,955 crore.

SBI fixes Rs 274.37 price for preferential share issue to govt

Country's largest lender SBI on Thursday said it will issue over 19.6 crore shares on preferential basis at a price of Rs 274.37 per share to the government for raising Rs 5,393 crore capital.

Govt to infuse Rs 1,140 cr capital into Allahabad, Corp Bank

State-run Corporation Bank Monday said its board has approved capital infusion of Rs 857 crore by the government.

Banks seek shareholders' nod for Rs 5,934-crore capital infusion

Four public sector banks, including PNB and BoB, Saturday sought shareholders' approval for capital infusion of Rs 5,934 crore by issuing preferential shares to the government.

Capital infusion of Rs 20,000 crore in public sector banks likely by September

Finance Ministry is expected to disburse about Rs 20,000 crore to various public sector banks in the next two months to shore up their capital base.

Capital infusion of Rs 25,000 crore a good beginning: Rajan

Reserve Bank Governor Raghuram Rajan on Friday said Rs 25,000 crore of capital infusion planned by the government in public sector banks this fiscal is "adequate and a good beginning".

Govt seeks Parliament nod for Rs 25,500 cr additional spending

Govt seeks Parliament nod for Rs 25,500 cr additional spending

The Finance Ministry on Friday sought Parliament's nod to spend an additional Rs 25,500 crore in the current fiscal, nearly half of which will be spent on capital infusion into state-owned banks to help them overcome the high bad loans situation.

Standards adopted by RBI compliant with Basel standards: Report

Standards adopted by RBI compliant with Basel standards: Report

The standards adopted by the Reserve Bank with regard to risk-based capital requirements are 'compliant' with minimum Basel capital standards, the central bank said on Tuesday.