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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.Press 'Enter' after typing page number.