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Govt announces Rs 48,239 crore recapitalisation plan for 12 PSU banks

Govt announces Rs 48,239 crore recapitalisation plan for 12 PSU banks

Wed, Feb 20, 2019

The Finance Ministry on Wednesday announced to pump in Rs 48,239 crore in 12 public sector banks in this fiscal to help them maintain regulatory capital requirements and finance growth plans.

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Rs 80,000 crore PSB recap bonds to be accompanied by more reforms: FM Jaitley

Rs 80,000 crore PSB recap bonds to be accompanied by more reforms: FM Jaitley

Thu, Jan 04, 2018

The Lok Sabha today gave its approval for Rs 80,000 crore recapitalisation bonds for strengthening public sector banks (PSBs), with Finance Minister Arun Jaitley promising that the fund infusion would be accompanied by a series of reforms.

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Shares of 6 banks up after govt decides capital infusion of Rs 7,577 crore

Shares of 6 banks up after govt decides capital infusion of Rs 7,577 crore

Thu, Jan 04, 2018

The government has pumped Rs 51,858 crore capital in the PSBs so far, since the Indradhanush road map was announced in 2015.    

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Bank of India gets Rs 2,257 crore from govt

Bank of India gets Rs 2,257 crore from govt

Sat, Dec 30, 2017

The bank has on December 29 received infusion of Rs 2257 crore from the Government of India, in form of Common Equity Tier-1 Capital, which is being kept as Share Application money and would be alloted after due procedure/conditions for allotment.

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Sensex, Nifty rebounds on Govt's boost of capital spend

Sensex, Nifty rebounds on Govt's boost of capital spend

Sat, Oct 28, 2017

Stocks: Equities marked a chain of record smashing sessions during the week trade, with benchmark Sensex crossing the 33-k mark on a closing basis, while the broader Nifty breaching above the psychological 10,300-level.

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10 things you need to know about India's infrastructure investments, PSB recapitalisation

10 things you need to know about India's infrastructure investments, PSB recapitalisation

Tue, Oct 24, 2017

While announcing the roadmap leading to growth in the economy the government said macro economic fundamentals were strong and fiscal deficit target of 3.2% of GDP would not be breached.  

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Govt bets on infrastructure push, PSB recapitalisation to shore up economy

Govt bets on infrastructure push, PSB recapitalisation to shore up economy

Tue, Oct 24, 2017

Ministry of Finance has announced big banking reforms along with infrastructure investment under new incentives to 'boost economic growth.'

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Indian banks need Rs 4.16 lakh crore in less than two years to meet Basel III norms

Indian banks need Rs 4.16 lakh crore in less than two years to meet Basel III norms

Tue, Sep 12, 2017

Banks argue that the haircuts they are expected to take cannot be extrapolated to the other exposures, which they say are backed by more productive assets. 

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Cost of recapitalising state banks may rise, says Fitch

Cost of recapitalising state banks may rise, says Fitch

Wed, Aug 16, 2017

Between April - till date, AT1 instruments worth around Rs 18,300 crore have been issued by eight banks, compared with Rs 4,800 crore  by four banks in the corresponding period of the previous year.  

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Banks would have to wait more before seeing revival in asset quality

Banks would have to wait more before seeing revival in asset quality

Thu, Jun 08, 2017

NPAs are the primary issue in Indian banking system presently. A host of moves have been taken by RBI and government but these problems are far from over. 

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Bad loans problem can't be solved by banks' recapitalisation

Bad loans problem can't be solved by banks' recapitalisation

Sat, Mar 25, 2017

Elaborating on the issue, Reddy said NPAs are a "balance sheet" problem and, therefore, a "substantive issue".

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Here's full text of RBI's deputy governor Viral V Acharya's speech at Indian Banks Association

Here's full text of RBI's deputy governor Viral V Acharya's speech at Indian Banks Association

Tue, Feb 21, 2017

Highlights:

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