The government has announced an infusion of Rs 11,336 crore in five public sector banks as part of its Indradhanush scheme, which was unveiled in 2015. This is the last tranche of infusion under.
New Delhi, Mar 8 (PTI) Over a dozen public sector banks (PSBs) will get Rs 46,101 crore as part of capital infusion in the current fiscal ending this month to allot shares to the government in.
Government likely to finalise capital infusion in public sector banks by month-end. Get App. e-paper. Business. Updated on: Monday, November 5, 2018, 12:50 AM IST.
Financial Services Secretary Hasmukh Adhia while making a presentation titled Indradhanush — Plan for Revamp of Public Sector Banks said “the capital infusion will happen within a month”.
The finance ministry is actively looking into a proposal to infuse Rs. 4,000 crore in State Bank of India (SBI) to boost its capital base, and a decision in this regard would be taken in the next.
Banks in distress too will get capital support from govt: Rajan. The government has changed the criteria for infusion of capital.
The government’s announcement of an upfront capital infusion of Rs 70,000 crore in public sector banks will enable them to grow loans by.
The government on Friday announced Rs 55,250 crore upfront capital infusion in PSU banks for credit growth and regulatory compliance to support the merging lenders.