Recapitalise Banks
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Hopeful Of Capital Expenditure Pushing Growth: Chief Economic Adviser
Government to ensure that capital expenditure will continue to support economic growth momentum, said Chief Economic Advisor V Anantha Nageswaran
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Union Budget: Fund Allocation For Bank Recapitalisation Unlikely, Says Report
The upcoming budget is unlikely to make any provision for recapitalisation of state-owned lenders, as over Rs 3.36 lakh crore has been spent on the banks in the last six years, a domestic rating agency said on Thursday.
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Finance Minister Proposes Rs 20,000 Crore Recapitalisation For Public Sector Banks
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
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Budget 2021: Covid-19 Vaccines, Recapitalising of PSU Banks, Tax Relief For Seniors In Focus
Budget 2021: Finance Minister Nirmala Sitharaman read the Union Budget from a 'Made in India' Tablet
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Budget 2021: Government Recommends Rs 20,000-Crore Recapitalisation For PSBs In FY 2021-22
Budget 2021: The Union government set the FY22 divestment target of Rs 1.75 lakh crore
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Government Must Not Neglect Bank Recap Despite Pandemic: Viral Acharya
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.
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Government To Infuse Rs 20,000 Crore In State-Run Banks
The government sought parliament approval for a total additional spending of Rs 2.35 lakh crore crore for the current financial year.
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Banking Sector Needs Recapitalisation Of Rs 4 Lakh Crore: Uday Kotak
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.
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India May Need To Pump Rs 1.5 Lakh Crore Into Coronavirus-Hit State Banks: Report
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.
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Government Okays Rs 1,340 Crore Recap Of Regional Rural Banks
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...
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Centre Open To Further Bank Consolidation: Anurag Singh Thakur
"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.
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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...
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Centre Likely To Infuse Capital In BSNL, MTNL: Report
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.
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Cabinet Clears Rs 9,300-Crore Capital Infusion In IDBI Bank; Shares Jump
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...
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Headwinds To Result In 6.4% GDP Growth In India This Fiscal Year: Moody's
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.
-
Hopeful Of Capital Expenditure Pushing Growth: Chief Economic Adviser
Government to ensure that capital expenditure will continue to support economic growth momentum, said Chief Economic Advisor V Anantha Nageswaran
-
Union Budget: Fund Allocation For Bank Recapitalisation Unlikely, Says Report
The upcoming budget is unlikely to make any provision for recapitalisation of state-owned lenders, as over Rs 3.36 lakh crore has been spent on the banks in the last six years, a domestic rating agency said on Thursday.
-
Finance Minister Proposes Rs 20,000 Crore Recapitalisation For Public Sector Banks
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: Covid-19 Vaccines, Recapitalising of PSU Banks, Tax Relief For Seniors In Focus
Budget 2021: Finance Minister Nirmala Sitharaman read the Union Budget from a 'Made in India' Tablet
-
Budget 2021: Government Recommends Rs 20,000-Crore Recapitalisation For PSBs In FY 2021-22
Budget 2021: The Union government set the FY22 divestment target of Rs 1.75 lakh crore
-
Government Must Not Neglect Bank Recap Despite Pandemic: Viral Acharya
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.
-
Government To Infuse Rs 20,000 Crore In State-Run Banks
The government sought parliament approval for a total additional spending of Rs 2.35 lakh crore crore for the current financial year.
-
Banking Sector Needs Recapitalisation Of Rs 4 Lakh Crore: Uday Kotak
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.
-
India May Need To Pump Rs 1.5 Lakh Crore Into Coronavirus-Hit State Banks: Report
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.
-
Government Okays Rs 1,340 Crore Recap Of Regional Rural Banks
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...
-
Centre Open To Further Bank Consolidation: Anurag Singh Thakur
"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.
-
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...
-
Centre Likely To Infuse Capital In BSNL, MTNL: Report
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.
-
Cabinet Clears Rs 9,300-Crore Capital Infusion In IDBI Bank; Shares Jump
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...
-
Headwinds To Result In 6.4% GDP Growth In India This Fiscal Year: Moody's
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.
