Capital Infusion

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Capital Infusion - Total results - 79
Govt reassures state banks it is ready to provide capital support; coronavirus pandemic may lead to surge in bad loans
Business

Govt reassures state banks it is ready to provide capital support; coronavirus pandemic may lead to surge in bad loans

The government may need to make a provision of at least Rs 20,000-25,000 crore ($5.90 billion) for capital infusion in state-run banks

Govt, RBI preparing bailout plan for Yes Bank; crisis-hit private lender hopes to tie up funds by next week
Business

Govt, RBI preparing bailout plan for Yes Bank; crisis-hit private lender hopes to tie up funds by next week

Early this month, Yes Bank had appointed Anshu Jain-headed global investment bank Cantor Fitzgerald and two domestic entities for its fundraising plans.

Nirmala Sitharaman says states refusing to implement CAA is 'unconstitutional', all have responsibility to ensure law is enforced
India

Nirmala Sitharaman says states refusing to implement CAA is 'unconstitutional', all have responsibility to ensure law is enforced

Defending the Citizenship (Amendment) Act, Nirmala Sitharaman maintained there was no necessity to mix up the National Register of Citizens (NRC) and National Population Register with the CAA and appealed to those opposing the act not to make allegations that would lead to unrest among the public.

Union Budget 2020-21: Nirmala Sitharaman may announce second round of capital infusion for non-life insurers
Business

Union Budget 2020-21: Nirmala Sitharaman may announce second round of capital infusion for non-life insurers

Finance Minister Nirmala Sitharaman may announce second-round capital infusion for public sector general insurance companies in the upcoming Budget to improve their financial health

Union Budget 2020: Finance Minister Nirmala Sitharaman has her task cut out for crisis-ridden banking sector
Business

Union Budget 2020: Finance Minister Nirmala Sitharaman has her task cut out for crisis-ridden banking sector

In a normal scenario, these suggestions make sense. But, the state of Indian banking sector is far from normal.

Indian Overseas Bank to receive fresh capital infusion of Rs 4,360 cr from govt this financial year
Business

Indian Overseas Bank to receive fresh capital infusion of Rs 4,360 cr from govt this financial year

Indian Overseas Bank has reported widening of net loss to Rs 2,253.64 crore for the quarter ended September 30, 2019.

Yes Bank shares tumble 5% ahead of board meeting; lender to finalise, approve proposed capital infusion
Business

Yes Bank shares tumble 5% ahead of board meeting; lender to finalise, approve proposed capital infusion

Shares of Yes Bank on Tuesday declined by over 5 percent ahead of the board meeting later in the day to finalise and approve the proposed capital infusion

Indian banks need $7 bn additional capital by 2020-21 to support loan growth, cover for bad loans: Fitch Ratings
Business

Indian banks need $7 bn additional capital by 2020-21 to support loan growth, cover for bad loans: Fitch Ratings

Indian banks need an additional $7 billion (Rs 50,000 crore) equity by 2020-21 to support loan growth and cover for bad loans, Fitch Ratings said on Tuesday adding a slowing economy could exacerbate asset-quality tension for a sector grappling with weak recoveries and ageing provisions

Former RBI governor C Rangarajan says banks recapitalisation should be done through cash
Business

Former RBI governor C Rangarajan says banks recapitalisation should be done through cash

Former RBI governor C Rangarajan on Friday suggested that recapitalisation of banks should be done through by infusing cash rather than issuing Bonds, as he cautioned that Boards of public sector undertakings, including banks, should maintain "arms length" from the Government

Banks to face capital shortfall of Rs 3.5 lakh cr in event of systemic crisis in NBFC sector: Fitch Ratings
Business

Banks to face capital shortfall of Rs 3.5 lakh cr in event of systemic crisis in NBFC sector: Fitch Ratings

Banks would face a capital shortfall of about $50 billion (about Rs 3.5 lakh crore) in the event of a systemic crisis in the non-banking financial company (NBFC) sector, according to a study by global rating agency Fitch

With 'uncertainty' about Lakshmi Vilas Bank deal over now, it is business as usual with more agility, says Indiabulls MD Banga
Business

With 'uncertainty' about Lakshmi Vilas Bank deal over now, it is business as usual with more agility, says Indiabulls MD Banga

Entering the banking space would have given IBHFL access to cheap deposits and saved it from regular crises like being faced by the shadow banks now

Lakshmi Vilas Bank-Indiabulls Housing Finance proposed merger gets a clear No from Mint Road
Business

Lakshmi Vilas Bank-Indiabulls Housing Finance proposed merger gets a clear No from Mint Road

The application for the merger of Lakshmi Vilas Bank and India Bulls Housing Finance was made in May after both the parties agreed to the merger in April.

Union Bank board okays merger of Andhra, Corporation Bank with itself; clears Rs 17,200-cr capital infusion
Business

Union Bank board okays merger of Andhra, Corporation Bank with itself; clears Rs 17,200-cr capital infusion

Union Bank of India on Monday said its board of directors has approved the merger of Andhra Bank and Corporation Bank with itself and given nod for a capital infusion of Rs 17,200 crore in the current financial year

Canara Bank board to meet next week to consider Rs 9,000-cr capital infusion
Business

Canara Bank board to meet next week to consider Rs 9,000-cr capital infusion

Public sector lender Canara Bank on Wednesday said its board will meet next week to consider capital infusion of up to Rs 9,000 crore through issuance of preferential equity shares to the government of India

IDBI Bank shares jump 8% on govt's Rs 9,300 cr capital infusion announcement
Business

IDBI Bank shares jump 8% on govt's Rs 9,300 cr capital infusion announcement

Shares of IDBI Bank on Tuesday jumped nearly 8 percent after the government approved Rs 9,300 crore fund infusion in the company to help improve the bank's capital base and turn it profitable

IDBI Bank gets Cabinet nod for Rs 9,000-cr fund infusion, move aims at increasing lender's capital base
Business

IDBI Bank gets Cabinet nod for Rs 9,000-cr fund infusion, move aims at increasing lender's capital base

It will help both IDBI and LIC and shows the government's commitment to take banking to a sound level.

Government announces plan to merge 10 PSBs to 4 to gain size: Eight questions on big bank merger exercise
Business

Government announces plan to merge 10 PSBs to 4 to gain size: Eight questions on big bank merger exercise

Isn’t the consolidation plan going against the policy of Reserve Bank of India and government’s own idea to give more bank licenses to increase competition

RBI's annual report confirms pain of economic slowdown may linger for a while; ball is in government’s court now
Business

RBI's annual report confirms pain of economic slowdown may linger for a while; ball is in government’s court now

The Reserve Bank of India’s annual report categorically makes it clear that reviving growth is the highest priority for policymakers at this juncture.

SBI says doesn't need capital from govt; plans to sell investment in non-core assets
Business

SBI says doesn't need capital from govt; plans to sell investment in non-core assets

The State Bank of India (SBI) on Tuesday said it is well-capitalised and that it may not require any fresh funds from the government this financial year