Diabytes
Capital infusion to banks News
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"We are assessing the capital requirement position of each bank depending on their bad loans and, if need be, we may have to expand the capital infusion programme," said a ministry official.
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Eight public sector banks, including SBI, Punjab National Bank and Bank of Baroda, Wednesday said they have allotted equity shares on preferential basis to the government against capital infusion of Rs 13,955 crore.
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Country's largest lender SBI Tuesday said it will issue equity shares on preferential basis to the government for capital infusion of Rs 5,393 crore.
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The government is aiming to improve the Tier 1 capital ratios for all PSU banks.
Welcoming government's plan to recapitalise public sector banks with infusion of Rs 70,000 crore over the next four years, FICCI Monday said it augurs well for the banking sector and will help fuel economic growth.
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