The Finance Ministry on Wednesday announced to pump in Rs 48,239 crore in 12 public sector banks (PSBs) in this fiscal to help them maintain regulatory capital requirements and finance growth plans. With this funding, the total amount of capital infusion would increase to Rs 1,00,958 crore of the planned recapitalisation of Rs 1.06 lakh crore for PSBs for the current fiscal, according to Financial Services Secretary Rajiv Kumar.
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Watch Bank Recapitalisation- Govt to infuse Rs 48,239 cr in 12 PSU banks With HD Quality.
The Finance Ministry on Wednesday announced to pump in Rs 48,239 crore in 12 public sector banks (PSBs) in this fiscal to help them maintain regulatory capital requirements and finance growth plans. With this funding, the total amount of capital infusion would increase to Rs 1,00,958 crore of the planned recapitalisation of Rs 1.06 lakh crore for PSBs for the current fiscal, according to Financial Services Secretary Rajiv Kumar.
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Watch Bank Recapitalisation- Govt to infuse Rs 48,239 cr in 12 PSU banks With HD Quality
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Watch Union budget: Budget 2013 Live - Govt to infuse Rs 14000 cr in public sector banks during FY 2013-14 Video.
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khandwa : बैंकों विलय का विरोध, सड़क पर कर्मचारी | Bank employees stage protest against merge PSU banks
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#khandwa #Bankemployees #PSUbanks
khandwa Bank employees stage protest against Centre's decision to merge PSU banks
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Watch Government set to infuse Rs 28,615 cr in 7 public sector banks With HD Quality
The Finance Ministry is likely to announce some Rs 28,615 crore fund infusion in seven public sector banks (PSBs) on Thursday, ETNOW reported quoting sources in the government.
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Watch Govt approves Rs 12,517 cr capital infusion in PSU banks video
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Finance Minister Nirmala Sitharaman on Friday announced upfront capital infusion of Rs 70,000 crore into public sector banks, a move aimed at boosting lending and improving liquidity situation.The move is expected to generate an additional lending and liquidity in the financial system to the tune of Rs 5 lakh crore, she said at a press conference.The finance minister further said that banks have decided to pass on RBI rate cut benefits to borrowers through MCLR reduction.Sitharaman said that banks will launch repo rate and external benchmark-linked loan products that will lead to reduced easy monthly installments for housing, vehicle and other retail loans.'Working capital loans for the industry will also become cheaper,' the minister said
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Domestic equity indices BSE Sensex and NSE Nifty cracked over 2 per cent on Tuesday amid heavy selling following a set of subdued macroeconomic data. The 30-share Sensex tanked as much as 770 points to 36,563 while NSE Nifty ended at 10,798, down 225 points or 2.04 per cent.
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Watch Sensex tanks 770 pts, Nifty ends at 10,798; PSU banks plunge up to 12% With HD Quality
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Finance Minister Nirmala Sitharaman in Delhi: On the merger of banks, everything is going smoothly, the bank boards have all been on board, they have taken the necessary steps to keep that process going smoothly.
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