Capital Infusion

Friday, Apr 26, 2024 | Last Update : 04:28 AM IST

The board will also consider amalgamation of Syndicate Bank with it.

Canara Bank board to meet next week to consider Rs 9,000-cr capital infusion

Meeting of board of directors of the bank is scheduled to be held on September 13, 2019.

04 Sep 2019 1:09 PM

All the anchor banks in the consolidation process will get capital support.

Govt to infuse Rs 55,250 cr for strengthening banks, push lending

Bank of Baroda will get Rs 7,000 crore, Indian Overseas Bank Rs 3,800 crore and Central Bank of India Rs 3,300 crore.

31 Aug 2019 12:34 PM

Finance minister announced upfront capital infusion of Rs 70,000 cr into PSBs to boost lending and improving liquidity situation.

Home, auto, other retail loans to become cheaper: Sitharaman

The move will also lead to cheaper working capital loans for industry.

24 Aug 2019 12:48 PM

During this period only FY19 and FY18, bank credit grew in double-digits (13.24 per cent in FY19), while in FY17.

Rs 3 tln of capital infusion only helped PSBs trim losses, not drive credit supply

The capital infused was largely consumed to tide over losses resulting from provisions required on non-performing assets.

09 Aug 2019 9:14 AM

PSBs still require substantial reforms to improve risk management, service quality, efficiency, and diversity of product offerings.

Rs 70,000 cr capital infusion in PSBs credit positive, to boost economy: S&P

The capital infusion will help some banks to come out of the central bank's prompt corrective action.

08 Jul 2019 11:03 AM

GDP growth has slipped to 5-year low of 6.8%, in addition, public sector banks will need capital for credit growth

FinMin assessing capital needs of PSBs; Budget may make provision for Rs 30,000 cr

The government made record capital infusion of Rs 1,06,000 crore in the public sector banks last fiscal.

17 Jun 2019 11:17 AM

The capital infusion will help them improve their financial health to an extent that the proposed merger of the general insurance firms could take place.

Govt may announce infusion of Rs 4,000 cr in PSU non-life firms in Budget

The announcement to this effect could be made in the first full-fledged Budget of Modi 2.0 government.

05 Jun 2019 3:00 PM

The company had said the capital infusion will help it continue investments in future rollouts to build large network capacity. (Photo: PTI)

Airtel gets Sebi nod for Rs 25,000 crore rights issue

The board of the company had approved the rights issue proposal in February.

09 Apr 2019 9:19 AM

This capital infusion is for the current fiscal ending March 31, 2019.

Five PSU lenders get capital infusion of Rs 21,428 cr from govt

Capital infusion will help the bank to shore up its capital adequacy requirements and enable the bank to build a robust loan book.

29 Mar 2019 8:56 AM

"The infusion of additional capital by the proposed acquirer/ Government of India is stated to enable the target company (Punjab National Bank) to meet the stipulated capital adequacy norms. Accordingly, I am of the considered view that exemption as sought for in the application made by the target company, be granted to the proposed acquirer/ GOI...," Sebi Whole Time Member G Mahalingam said in an order on Wednesday.

Sebi exempts govt from making open offer for shareholders of PNB

Sebi, however, directed reduction in non-public shareholding in the lender post capital infusion.

28 Mar 2019 4:03 PM

The merger of Dena Bank and Vijaya Bank with BoB would be effective from April 1.

Govt to infuse Rs 5,042 crore into Bank of Baroda

The capital infusion will be by way of preferential allotment of equity shares of the bank during FY2018-19.

28 Mar 2019 12:02 PM

Against this backdrop, the bank sought Sebi's exemption from the open offer requirement for the government.

Sebi exempts govt from making an open offer for shareholders of PNB

Listed companies are required to have at least 25 per cent public shareholding.

28 Mar 2019 8:57 AM

Earlier in January, the government had infused capital in OBC, following which RBI removed the lender from its prompt corrective action (PCA) framework. (Photo: File | PTI)

Oriental Bank allots 13.89 cr shares to govt following capital infusion

The move follows capital infusion of Rs 1,186 crore by the government into the bank.

27 Mar 2019 5:13 PM

NBCC has offered to fund the gap of about Rs 1,500 crore between estimated construction cost and receivables from customers. (Photo: Representational/PTI)

Jaypee Infratech lenders aks NBCC, Suraksha Group to sweeten bids

The CoC will soon formally write to both the bidders to submit revised bids based on the discussions held.

15 Mar 2019 10:52 AM

Corporation Bank is the biggest beneficiary of this round of capital infusion with Rs 9,086 crore of funding, followed by Allahabad Bank with Rs 6,896 crore.

Finmin expects 3-4 more banks to come out of RBI's PCA framework this year

Bad loans of public sector banks declining by over Rs 23,860 crore in the first half of the current fiscal.

24 Feb 2019 3:16 PM

In December 2018, the government increased capital infusions for these banks for FY19 by a combined Rs 41,000 crore to Rs 1.06 lakh crore.

Despite massive capital infusion, full turnaround is still away for PSBs: Moody's

Banks are far from a full turnaround as large volumes of problem-loans will still continue to cap improvements and capitalisation.

21 Feb 2019 5:51 PM

The equity will be infused in two tranches of Rs 4,500 crore in 2018-19 and Rs 1,500 crore in 2019-20 respectively.

Cabinet approves Rs 6,000 crore capital infusion in Exim Bank

Exim Bank is the apex financial institution for financing, facilitating and promoting the country's international trade.

16 Jan 2019 6:06 PM

Govt is likely to assess the quarterly results of the PSBs before announcing another tranche of capital infusion. (Photo: FIle)

BoB may get Rs 7,000-8,000 crore ahead of merger rollout

The government announced enhanced capital infusion of Rs 1.06 lakh crore in the current fiscal.

16 Jan 2019 11:09 AM

Exim Bank commenced operations as a purveyor of export credit, mirroring global export credit agencies.

Cabinet likely to consider capital infusion proposal for Exim Bank

The government infused Rs 500 crore in Exim Bank last financial year.

15 Jan 2019 3:31 PM

The government stake will be diluted from the existing 58.53 per cent.

Govt keen to pare stake in banks to 52 per cent, but capital infusion a hurdle

State Bank of India has already initiated steps for a Rs 20,000-crore share sale through qualified institutional placement.

15 Jan 2019 2:14 PM

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Sunil Gatade