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PSB RECAPITALISATION
Govt gave Rs 8,800 cr capital to SBI without the lender asking for it in FY18: CAG reportThe department under the finance ministry did not conduct assessment of the capital requirement as per its own standard practice before rec...
Budget 2021 likely to focus on growth, structural reforms: ReportOn government capex, the report expects it to reverting to 18 per cent. In FY2017-19 the government's infra spend was scaled up to 18 per c...
Govt shells out Rs 22,087 crore as interest towards recap bonds for banksTo ease fiscal pressure, the government in October 2017 devised an innovative way called recapitalisation bonds.
Finance Ministry may provide capital support to some PSBs in third quarterThe fund infusion would be for meeting regulatory capital requirements if the need arises in October-December quarter. In 2019-20, the gove...
PSB NPAs likely to rise 2-4% points; may push govt to recapitalise via RBI reserves, bonds: ReportThe recap bonds is a tried and tested instrument which has helped the banks in the past.
Finmin approves Rs 11,336 cr capital infusion in 5 PSU BanksPNB will get the highest amount of Rs 2,816 crore, while Allahabad Bank will get Rs 1,790 crore.
RBI Governor bears out what is behind PSU bank fraudsIn specific context of frauds that have surfaced recently, RBI has put the onus on the govt.
PSBs recapitalisation should be part of broader package of financial reforms: IMFIn the view of the International Monetary Fund , recent policy reforms to address vulnerabilities in the banking and corporate sectors in I...
Icra wants more clarity before downgrading public sector banksIcra in a presentation made to the media on Thursday said that outlook may be changed to stable for few PSBs.
Privatisation: A bad solution for India’s banking problemsThe current PSB recapitalisation plan announced by the government, amounting to Rs 2.11 lakh crore over two years, would account for less t...
PSU bank stocks jump as Lok Sabha okays Rs 80,000 crore recap planThe infusion is aimed at propelling credit growth and only performing lenders will get a bulk of this proposed amount.
Govt ties recapitalisation of Public Sector Banks to action on reforms agendaThe final reforms blueprint will have about 35 action points, including customer services, rationalisation of branches, common customer ser...
No easy capital for PSBs, stick to reforms: Banking Secretary Rajiv KumarLast month, the govt had unveiled a Rs 2.11-lakh crore 2-year road map to bolster NPA-hit public sector banks, which includes recapitalisat...
Dividend-paying banks most likely to receive recap fundsAccording to the CEO of a PSB, the government has already sounded out some lenders that the ability to pay dividend will be a criteria in a...
Banks can do write-offs, and still lend and grow: S Krishna Kumar, Sundaram Mutual FundGovt will infuse capital that shores up the bank's networth and the bank will invest that money into recapitalisation bonds
Banks can do write-offs, and still lend and grow: S Krishna Kumar, Sundaram Mutual FundGovt will infuse capital that shores up the bank's networth and the bank will invest that money into recapitalisation bonds
Budget 2016: A positive for both equity and bond markets, says Navneet Munot, SBI Mutual FundThe finance minister has done a fine balancing job by sticking to 3.5% fiscal deficit target without losing focus on growth and staying awa...
PSB stocks can see rerating on recapitalisation, treasury gainsThere has always been pressure on PSU banks to lend where they should not be lending, says Dipen Sheth.
- LIC to pick up to 5% stake in Punjab & Sind Bank
At the prevailing share price of PSB, LIC will have to pay about Rs 95 cr to the bank. Shares of the bank today closed at Rs 85.75 apiece, ...
- World Bank credit line may power PSB recapitalisation
Funds will help banks set aside 12% of capital as cushion against losses.