TaxTMI 
TaxTMI 
Recapitalisation of Public Sector Banks (PSBs)
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....ecapitalisation of Public Sector Banks (PSBs) <br>News and Press Release<br>Dated:- 28-3-2018<br><BR>Indradhanush Plan for revamping Public Sector Banks (PSBs), announced by the Government on 14.8.201....
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....5, envisaged capital infusion by the Government of ₹ 70,000 crore. Under Indradhanush, Government infused capital of ₹ 51,858crore, till the first half of the financial year (FY) 2017-18. ....
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.... In October 2017, as a build up to the Indradhanush plan, with a view to address regulatory capital requirements, increase credit off-take and catalyse economic growth,Government has announced and ini....
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....tiated recapitalisation of PSBs to the tune of ₹ 2,11,000 crore, over the current and the next financial years, of which ₹ 1,53,139 crore is through infusion of capital by the Government (....
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....including ₹ 8,139 crore of the residual amount under Indradhanush envisaged for FY 2017-18). The balance is envisaged through capital raising by banks themselves from markets. As follow-up, Gove....
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....rnment has made Budget provisions of ₹ 88,139crorefor the second half of FY 2017-18 and ₹ 65,000 crore for FY 2018-19, and ₹ 7,750.06 crore has been infused as capital in the second ....
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....half of FY 2017-18 (till 23.3.2018) from the said Budget provision for FY 2017-18. This was stated by Shri Rajiv Pratap Shukla, Minister of State for Finance in written reply to a question in Rajya S....
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....abha.<BR> News - Press release - PIB....