Recapitalisation
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After banks, government may recapitalise PSU insurers prior to restructuring
Business | Jul 10, 2019, 01:01 PM ISTThe quantum of capital support would be worked out post EY gives its report, though DIPAM sources said that anywhere between Rs 9,000 crore and Rs 10,000 crore capital support would be required for the insurers to bring them in pink of health.
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Govt announces Rs 48,239 cr recapitalisation plan for 12 public sector banks
Business | Feb 20, 2019, 07:03 PM ISTKumar further said Punjab National Bank will get Rs 5,908 crore, Union Bank of India Rs 4,112 crore, Andhra Bank Rs 3,256 crore and Syndicate Bank Rs 1,603 crore.
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Govt to infuse Rs 28,615 cr in 7 PSBs soon through recapitalisation bonds
Business | Dec 27, 2018, 04:40 PM ISTThe amount infused will help the banks meet regulatory capital requirement, and its disbursement might take place before December 31, PTI reported quoting sources.
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Government to infuse Rs 83,000 cr in banks by March: Arun Jaitley
Business | Dec 20, 2018, 11:11 PM IST"Today we have asked for the parliamentary sanction for (issuing) additional recapitalisation bonds of Rs 41,000 crore... As of today, of the Rs 65,000 crore recapitalisation plan for 2018-19, Rs 42,000 crore is still remaining.
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Govt seeks Parliament nod for Rs 80,000-cr PSBs recapitalisation
India | Jan 04, 2018, 04:29 PM ISTThe Rs 80,000-crore expenditure has been sought by the government in form of the Third Batch of Supplementary Demands for Grants for 2017-18.
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Recapitalisation funds to take care of credit growth: SBI
Business | Nov 03, 2017, 05:55 PM ISTThe Centre has announced recapitalisation plan of Rs 2.11 lakh crore for public sector banks
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Interest burden of recapitalisation bonds to be about Rs 9,000 cr: CEA Arvind Subramanian
Business | Oct 25, 2017, 07:41 AM ISTInterest burden of Rs 1.35 lakh crore recapitalisation bonds on the government would be about Rs 9,000 crore, Chief Economic Adviser Arvind Subramanian said on Tuesday.
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Cabinet approves Rs 2.11 lakh crore recapitilisation plan for public sector banks
Business | Oct 24, 2017, 07:20 PM ISTThe Union Cabinet on Tuesday announced an aggressive Rs 2.11 lakh crore capital infusion for the NPA-hit public sector banks (PSBs) over a period of two years.
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Moody's concerns overblown, misplaced: SBI
Sep 24, 2013, 11:35 PM ISTMumbai: Country's largest bank SBI today dismissed the concerns raised by Moody's while downgrading its debt rating, saying that the issues cited by the global credit ratings agency are "overblown and misplaced"."We had explained our