Rs.22, 915 crore allocated for the capitalization needs of Public Sector Banks during the year 2016-17 https://www.taxtmi.com/news?id=16375 The government allocated capital to public sector banks in 2016-17 to provide immediate liquidity support for lending and to enable market fund-raising; 75% of each bank's assessed amount was released now, with the remaining 25% retained for later release contingent on performance improvements in efficiency, credit and deposit growth, and cost reductions, based on assessments using recent credit growth and banks' projections. en-us Tue, 19 Jul 2016 17:13:11 +0530 Tue, 19 Jul 2016 17:13:11 +0530 TaxTMI RSS Generator Rs.22, 915 crore allocated for the capitalization needs of Public Sector Banks during the year 2016-17 https://www.taxtmi.com/news?id=16375 The government allocated capital to public sector banks in 2016-17 to provide immediate liquidity support for lending and to enable market fund-raising; 75% of each bank's assessed amount was released now, with the remaining 25% retained for later release contingent on performance improvements in efficiency, credit and deposit growth, and cost reductions, based on assessments using recent credit growth and banks' projections. News - Tue, 19 Jul 2016 17:13:11 +0530 https://www.taxtmi.com/news?id=16375