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        To assess the capital Requirement of Public Sector Banks (PSBs), all PSBs requested to make presentations to the Department of Financial Services, Ministry of Finance

        June 12, 2015

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        In order to assess capital requirement of Public Sector Banks (PSBs), all PSBs have been requested to make presentations to the Department of Financial Services, Ministry of Finance.  Shri Jayant Sinha, Minister of State (Finance) and Secretary (Financial Services) would be present during these meetings.  The schedule of these Presentations is as follows:

        Place of Meeting

        Name of Banks

        Date

         

        Delhi

        UCO Bank, United Bank of India and Allahabad Bank

        12.6.2015

        Punjab National Bank, Punjab & Sindh Bank and Oriental Bank of Commerce.

        18.6.2015

         

        Mumbai

        State Bank of India, Union Bank of India, IDBI Bank and Central Bank of India

        24.6.2015

        Bank of India, Bank of Baroda, Dena Bank and Bank of Maharashtra

        25.6.2015

        Bengaluru

        Andhra Bank, Indian Overseas Bank, Corporation Bank, Canara Bank, Syndicate Bank and Vijaya Bank.

        3.7.2015

        Capital requirement assessment: PSBs required to present to the Department of Financial Services under ministerial oversight. Assessment of capital needs for public sector banks will be conducted by requiring all PSBs to make individual presentations to the Department of Financial Services; these regionally scheduled sessions will be attended by senior Ministry of Finance officials, including the Minister of State (Finance) and the Secretary (Financial Services), to inform the Department's capital planning for PSBs.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Capital requirement assessment: PSBs required to present to the Department of Financial Services under ministerial oversight.

                                Assessment of capital needs for public sector banks will be conducted by requiring all PSBs to make individual presentations to the Department of Financial Services; these regionally scheduled sessions will be attended by senior Ministry of Finance officials, including the Minister of State (Finance) and the Secretary (Financial Services), to inform the Department's capital planning for PSBs.





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                                ActsIncome Tax
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