Bank Recapitalisation

Budget 2021: In September 2020, Parliament approved Rs 20,000 crore capital infusion for PSBs as part of the first batch of Supplementary Demands for grants for 2020-21

Budget 2021: Finance Minister Nirmala Sitharaman read the Union Budget from a 'Made in India' Tablet

Budget 2021: The Union government set the FY22 divestment target of Rs 1.75 lakh crore

Restoring banks' capital is critical for aiding a meaningful recovery, but there has been little focus on the matter, former RBI Deputy Governor Viral Acharya said.

The government sought parliament approval for a total additional spending of Rs 2.35 lakh crore crore for the current financial year.

The banking sector has loans of Rs 100 lakh crore and a capital of Rs 11 lakh crore to 12 lakh crore, said CII President-Designate Uday Kotak.

A nationwide lockdown entering its third month is expected to lead to a contraction in economic growth in the current financial year, according to several global rating agencies.

The Cabinet Committee on Economic Affairs on Wednesday approved the recapitalisation of regional rural banks with total outlay of Rs 1,340 crore, to improve their capital adequacy during the coronavirus crisis. Briefing the media after the cabinet meeting, Information and Broadcasting Minister Prakash Javadekar said that out of the total approved R...

"We have successfully done the mergers and recapitalisation of banks. Insolvency and Bankruptcy Code (IBC) has been successful, which has brought back more than Rs 4 lakh crore to the banks. Further consolidation or merger will depend on the need," Mr Thakur told PTI in an interview.

"The Budget's decision not to recapitalise the PSU banks is a good move and signals that all the banks are adequately capitalised at this point. The Judgement on Essar Steel provides greater clarity on the IBC. The profits of State Bank of India were boosted by the Essar Steel IBC resolution. Some of those accounts which have been fully written dow...

The funds infusion in both BSNL and MTNL will be through bonds as has been the case of PSU bank recapitalisation, according to the report.

The Cabinet on Tuesday approved a capital infusion plan worth Rs 9,300 crore for IDBI Bank. The Cabinet cleared the IDBI Bank recapitalisation plan with a one-time infusion of funds by the government and Life Insurance Corporation (LIC), Union Minister Prakash Javadekar said. The recapitalisation plan will put IDBI Bank "in the front foot to take t...

Moody's has cut India's GDP growth forecast for the calendar year 2019 to 6.2 per cent from its previous estimate of 6.8 per cent. For calendar year 2020, it reduced the estimate to 6.7 per cent.

Moody's estimates that fresh capital will enable PSU banks to grow loans by around 13-15% in 2019-20, compared with about 10% in fiscal year 2019.

The Nifty PSU Bank index, which comprises stocks of the government-owned lenders, jumped as much as 6.46 per cent on Monday.

Budget 2021: In September 2020, Parliament approved Rs 20,000 crore capital infusion for PSBs as part of the first batch of Supplementary Demands for grants for 2020-21

Budget 2021: Finance Minister Nirmala Sitharaman read the Union Budget from a 'Made in India' Tablet

Budget 2021: The Union government set the FY22 divestment target of Rs 1.75 lakh crore

Restoring banks' capital is critical for aiding a meaningful recovery, but there has been little focus on the matter, former RBI Deputy Governor Viral Acharya said.

The government sought parliament approval for a total additional spending of Rs 2.35 lakh crore crore for the current financial year.

The banking sector has loans of Rs 100 lakh crore and a capital of Rs 11 lakh crore to 12 lakh crore, said CII President-Designate Uday Kotak.

A nationwide lockdown entering its third month is expected to lead to a contraction in economic growth in the current financial year, according to several global rating agencies.

The Cabinet Committee on Economic Affairs on Wednesday approved the recapitalisation of regional rural banks with total outlay of Rs 1,340 crore, to improve their capital adequacy during the coronavirus crisis. Briefing the media after the cabinet meeting, Information and Broadcasting Minister Prakash Javadekar said that out of the total approved R...

"We have successfully done the mergers and recapitalisation of banks. Insolvency and Bankruptcy Code (IBC) has been successful, which has brought back more than Rs 4 lakh crore to the banks. Further consolidation or merger will depend on the need," Mr Thakur told PTI in an interview.

"The Budget's decision not to recapitalise the PSU banks is a good move and signals that all the banks are adequately capitalised at this point. The Judgement on Essar Steel provides greater clarity on the IBC. The profits of State Bank of India were boosted by the Essar Steel IBC resolution. Some of those accounts which have been fully written dow...

The funds infusion in both BSNL and MTNL will be through bonds as has been the case of PSU bank recapitalisation, according to the report.

The Cabinet on Tuesday approved a capital infusion plan worth Rs 9,300 crore for IDBI Bank. The Cabinet cleared the IDBI Bank recapitalisation plan with a one-time infusion of funds by the government and Life Insurance Corporation (LIC), Union Minister Prakash Javadekar said. The recapitalisation plan will put IDBI Bank "in the front foot to take t...

Moody's has cut India's GDP growth forecast for the calendar year 2019 to 6.2 per cent from its previous estimate of 6.8 per cent. For calendar year 2020, it reduced the estimate to 6.7 per cent.

Moody's estimates that fresh capital will enable PSU banks to grow loans by around 13-15% in 2019-20, compared with about 10% in fiscal year 2019.

The Nifty PSU Bank index, which comprises stocks of the government-owned lenders, jumped as much as 6.46 per cent on Monday.