Psu Bank Capitalisation

• 

  PSU Banks May See Higher Profits, Must Tap Market: CEA

  "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...

• 

  State-Run Banks Surge On Rs 70,000 Crore Recapitalisation Drive

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

• 

  5 State-Run Banks To Get Rs 11,336 Crore In A Week: Report

  The capital is part of a total Rs 2.11 trillion rupee package that was announced last year.

• 

  Inadequate Capitalisation Threatens PSU Banks: Fitch

  The banks' sharply deteriorating financial positions are adding to capital pressure at a time when progressively higher minimum Basel III capital requirements are being phased in.

• 

  Raghuram Rajan Opposes Using RBI Funds To Recapitalise PSU Banks

  Outgoing Governor Raghuram Rajan on Wednesday rejected suggestions for RBI to infuse its surplus funds to capitalise ailing public sector banks -- proposed by CEA Arvind Subramanian -- saying it is a "non-transparent" idea that can create "conflicts of interest".

• 

  Credit Profiles of PSU Banks At Risk Unless Capitalised: Fitch

  The rating agency said its estimated capital requirement of $140 billion for the system may have to be reassessed.

• 

  SBI to Get Infusion of Rs 5,393 Cr From Government

  State Bank of India (SBI), the country's largest lender, on Tuesday said it will issue equity shares on a preferential basis to the government for capital infusion of Rs 5,393 crore.

• 

  Banks Should Jointly Decide on Timing of Capital Raising: RBI

  Domestic banks should consult each other and jointly decide on the timing to raise fresh capital from the market, Reserve Bank of India Deputy Governor R Gandhi said on Tuesday.

• 

  PSU Banks Need Higher Capitalisation for Dealing With Bad Loans: RBI

  Reserve Bank of India Deputy Governor R Gandhi on Monday said public sector banks need a higher capitalisation than budgeted to strengthen balance sheet and dealing with non-performing assets (NPAs).

• Government to Infuse Additional Rs 11,500 Cr in PSU Banks in FY16

  The government is likely to infuse additional $1.8 billion (about Rs 11,500 crore) in public sector banks this fiscal year over and above $1.2 billion earmarked in the Budget, Finance Secretary Rajiv Mehrishi said on Friday.

• 

  PSU Banks Will Need Additional Capital to Meet Adequacy Norms: RBI

  Reserve Bank of India Deputy Governor R Gandhi on Friday said state-owned banks are "adequately" capitalised at present but would need additional money to comply with global capital adequacy norms in the future.

• 

  Government Plans to Reduce Stake in PSU Banks to 52%: Sources

  The government is also planning to seek an additional Rs 11,000 crore for public sector banks, apart from the budgeted Rs 11,200 crore, sources said.

• Union Budget 2012: PSU banks rally on capitalisation push

  Shares of public sector banks rallied sharply, as Pranab Mukherjee announced capital infusion

• Sensex up 90 points; banks, infra stocks rise on Pranab's announcement

  Mukherjee announced Rs 15,800 crore for recapitalization of PSU banks and raised the tax-free bond limit.

• Govt to infuse Rs 12,000 crore in PSU banks this fiscal: Economic Survey

  For the year 2012-13 also, it said, the Government is committed to keep all the PSBs adequately capitalised so that the growth momentum of economy is sustained.