TaxTMI 
TaxTMI 
RS. 12,517 Crore Capital to be Infused in PSB’st to Augment their Tier-1 Capital
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....S. 12,517 Crore Capital to be Infused in PSB’st to Augment their Tier-1 Capital <br>News and Press Release<br>Dated:- 27-2-2013<br><BR>Government has proposed to infuse an amount of Rs. 12,517 crore in Public Sector Banks(PSB's) to augment their Tier-1 capital in FY-2012-13. A sum of Rs. 12,000 crore was infused during 2011-12 to enable them to maintain a minimum Tier-1 CRAR of 8 per cent. Perf....
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....ormance of Indian banks during the year 2011-12 was conditioned to a large extent by fragile recovery of global financial markets as well as a challenging operational environment on the domestic front. The operating performance of the Scheduled Commercial Banks(SCBs) can be summed up as follows:- · Public Sector Banks(PSB's) had a dominant share and accounted for 72 percent of the total in....
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....come of the SCBs and 72.8 per cent of aggregate assets. · In 2011-12, there was a sharp increase in the expenditure on provisioning and contingencies. As percentage of PSB assets, the provisioning expenditure increased from 1.04 per cent in 2010-11 to 1.11 per cent in 2011-12. · PSBs were able to increase their interest spread from 2.55 per cent in 2010-11 to 2.59 per cent in 2011-....
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....12. · Net profit as percentage of assets remained sticky at 0.98 per cent in 2010-11 and 2011-12. · The Capital to Risk-Weighted Assets Ratio (CRAR) remained well above the RBI's stipulated 9 per cent for the system as a whole as well as for all bank groups during 2011-12, indicating that Indian banks remained well-capitalized. · Overall NPAs of the Banking sector increased....
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.... from 2.36 per cent of total credit advanced in March, 2011 to 3.57 per cent of total credit advanced in September 2012. DSM/UM/RC/RV (Release ID :92601)<BR> News - Press release - PIB....