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        Case ID :

        Capital Investments in Bank by GOI

        April 7, 2017

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        The Government infused a sum of ₹ 25000 crore in 19 PSBs during financial year 2015-16 and ₹ 24997.182 crore into 16 PSBs during the FY 2016-17.The capital is calculated/ provided keeping in view overall macroeconomic scenario, credit estimation, basel requirement and Reserve Bank of India recommendations if any. The Bank-wise details of capital infused into 16 PSBs during FY 2016-17 by Government of India are as under:

                        Rs. In Crore

        S.No.

        Name of the PSBs

        Total allocation

        1

        Allahabad Bank

        451

        2

        Andhra bank

        1100

        3

        Bank of India

        2838

        4

        Bank of Maharashtra

        300

        5

        Canara Bank

        745.182

        6

        Central Bank of India

        1397

        7

        Corporation Bank.

        508

        8

        Dena Bank

        1046

        9

        Indian Overseas Bank

        2651

        10

        Punjab National Bank

        2112

        11

        Syndicate Bank

        776

        12

        UCO Bank

        1925

        13

        Union Bank of India

        541

        14

        United Bank of India

        1026

        15

        State Bank of India

        5681

         

        Total

        24997.182

        This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.

        Government capital infusion in public sector banks reinforces regulatory compliance and supports bank recapitalisation and financial stability. Government authorised capital infusions into multiple public sector banks for the cited financial year, providing bank wise allocations to restore or maintain regulatory capital. The capital allocations were determined in light of macroeconomic conditions, credit estimates, Basel capital requirements and recommendations from the Reserve Bank of India.
                          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.

                                Government capital infusion in public sector banks reinforces regulatory compliance and supports bank recapitalisation and financial stability.

                                Government authorised capital infusions into multiple public sector banks for the cited financial year, providing bank wise allocations to restore or maintain regulatory capital. The capital allocations were determined in light of macroeconomic conditions, credit estimates, Basel capital requirements and recommendations from the Reserve Bank of India.





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                                ActsIncome Tax
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