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RECAPITALISATION PLANS
PFC, REC seek to help centre retain majority at low costPower Finance Corp and REC are finalizing a merger plan to help the government maintain its majority stake cost-effectively. Two primary op...
Government may frontload its Bank Recapitalisation PlanAdditionally, when the government selects the two candidates for bank privatisation, it may shore up their capital to strengthen their bala...
‘Strings attached with capital will bring in prudence’Government mandated banks to identify non-core areas for hiving off, and to close overseas branches.
Market Now: PSU banks sink, react negatively to recapitalisation planThe Nifty PSU Bank index was trading 2.21 per cent down at 3,878 around 09:45 am (IST).
6 stressed banks get Rs 7.5,000 crore capitalBank of India, IDBI Bank, Uco Bank, Bank of Maharashtra, Dena Bank and Central Bank of India have received equity through preferential issu...
FPIs pump over Rs 19,700 crore in November, highest in eight monthsThis is the highest net investment by FPIs since March, when they had poured in Rs 30,906 crore.
Government should consider formation of bad bank to deal with stressed assets: Asian Bankers Association chairmanWu expressed doubts over the effectiveness of the Rs 2.11 lakh crore recapitalisation plan announced by the government for state-owned bank...
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...
Bank recapitalisation plan to push GDP growth to 7% in FY19: ReportThe government recently unveiled a Rs 2.1 lakh crore, (representing 1.2 per cent of GDP), recapitalisation package for public sector lender...
Recapitalisation plan positive for banks' ratings: FitchThe banks' viability ratings would come under more pressure if the problem was not addressed.
'Bank recap may make fiscal deficit target hard to achieve'Of the total Rs 2.11L-cr, Rs 1.35L-cr would be in the form of recapitalisation bonds, while the rest would involve a combination of budgeta...
Bank recapitalisation: Is it time to invest in banking sector mutual funds?The government of India approved Rs 2.11-lakh-crore recapitalisation plan for the PSBs. This is supposed to be a positive move for the bank...
Healthy banks aid investment and job creation: RBI GovernorThe mega plan has triggered a surge in state-owned bank shares.
Bank stocks rally up to 32% on recapitalisation planThe government yesterday unveiled an unprecedented Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks.
Sebi may help in govt's recapitalisation plans for PSU banksThe infusion, part of the broader recapitalisation move, will increase in some cases shareholding of the promoter, that is govt, beyond 75%...
Satisfied with govt's bank revamp plan; will look at QIP when time is right: Anshula Kant, SBI"I am glad that the government has put some traction to it. They are also talking about deepening and developing the corporate bond markets...
Kingfisher Airlines engineers firm on winding up petition, to send legal noticeTaking a tough posture against the management, Kingfisher Airlines engineers have decided to go ahead with the winding up petition in the D...
- Govt draws plan to recapitalise 29 RRBs
Govt says efforts are being made to recapitalise 29 ailing Regional Rural Banks to turn their networth positive.
- SBI, Central Bank are major sponsors in RRB revival plan
The banks would need to make a collective contribution of Rs 635 crore towards the recapitalisation plan. The Centre has finalised a Rs 1,8...