Bank Recapitalisation

Sunday, Apr 28, 2024 | Last Update : 09:14 PM IST

The finance ministry is in the process of fixing the nuts and bolts of the Rs 1.35 lakh crore recapitalisation bonds for public banks and the framework is expected to get Jaitley's approval soon. (Photo: PTI)

FinMin working on recap bonds, expected to receive Jaitley's nod soon

The framework for bank recapitalisation once cleared will go to Parliament for necessary approvals.

29 Nov 2017 6:32 PM

The finance ministry has asked state-owned banks to submit their board-approved roadmaps for raising funds and strengthening core activities in about a month. (Photo: AP)

Finance ministry asks PSBs to submit fund-raising plan in a month

This will help in better utilisation of the money that the government will provide to them under the bank recapitalisation plan.

15 Nov 2017 4:00 PM

Former Reserve Bank of India Governor Dr. Y.V. Reddy dubbed the design of the bank recapitalisation plan to be "critical".

Ex-RBI Governor Y V Reddy terms bank recap plan 'critical'

In the last week of October, Jaitley had announced an unprecedented PSU banks recapitalisation program of Rs 2.11 lakh crore.

04 Nov 2017 3:17 PM

State Bank of India (SBI) is expecting to get a substantial chunk of the government's latest announcement to recapitalise all the public sector banks. (File Photo)

SBI expects to pick up major portion of govt's bank recap plan

Last month, the government proposed a Rs 2.11 lakh crore public sector bank recapitalisation plan.

03 Nov 2017 5:12 PM

Sensex and Nifty ended at fresh high of 33,266 and 10,363 on Monday. (Photo: AP)

Sensex, Nifty scale new records on PSB stock rally

Traders said sentiment was upbeat in domestic energy stocks with Brent crude soaring to hit its highest level since July 2015.

30 Oct 2017 4:38 PM

The government's recapitalisation plan for public sector banks is likely to push up GDP numbers to 7 per cent in the next fiscal, says a report.

GDP in FY19 to gain from PSU bank recapitalisation: report

As per Ambit estimates, industry is likely to see a 7 per cent growth in 2018-19 from 5 per cent in the current fiscal.

29 Oct 2017 5:27 PM

Quarterly earnings, macroeconomic data points and recapitalisation play are going to be the crucial metrics to track for the stock market this week. (Photo: AP)

Q2 reportcard, PMI data to drive markets this week

Over the last week, the Sensex recorded handsome gains of 767.26 points or 2.37 per cent.

29 Oct 2017 4:09 PM

Life Insurance Corporation may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs). (File Photo)

Govt may rope in LIC in PSU bank recap programme

Finance Minister Arun Jaitley last week said that there were multiple options before the government for recap bonds.

29 Oct 2017 12:58 PM

The rupee is likely to get a boost from the government's PSU bank recapitalisation programme, says a report. (File Photo)

Rupee to gain from govt's PSU bank rescue programme: report

According to Morgan Stanley, the announcement is not expected to impact fiscal deficit position and inflation number.

27 Oct 2017 12:36 PM

Prime Minister Narendra Modi at the Vibrant Gujarat Global Summit 2017, in Gandhinagar, Gujarat. (Photo: File/AP)

Cash-starved SMEs in Gujarat triggered banks' recap

Modi was already facing criticism from some businesses for the disruption to the economy caused by note ban and GST.

27 Oct 2017 10:50 AM

According to a Goldman Sachs report, the PSU banks recapitalisation plan is good for credit growth and for the rupee in the long run. (Photo: PTI/Representational)

PSU bank recap positive for GDP growth, rupee: Goldman Sachs

The government on Tuesday unveiled a Rs 2.11 lakh crore two-year road map to strengthen NPA-hit public sector banks.

25 Oct 2017 3:24 PM