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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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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Ahead of the monetary policy review, Reserve Bank of India Governor Shaktikanta Das Monday met heads of public sector banks and conveyed to them the regulator's expectation from the banking sector. RBI is scheduled to announce its sixth bi-monthly monetary policy for 2018-19 on February 7. It would be the the first monetary review under the new RBI Governor.
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Finance Minister Piyush Goyal on Monday reviewed the performance of Public Sector Banks (PSBs) during which they committed themselves to stepping up lending to micro, small and medium enterprises (MSMEs) while also significantly increasing the level of domestic credit growth. The PSBs also agreed step up their efforts to finance the Pradhan Mantri Awas Yojana which is aimed at securing housing for all by 2022.
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