Capital Infusion

Showing of 21 - 40 from 79 results
Capital Infusion - Total results - 79
Public sector banks' shares jump up to 10% on Rs 70,000 cr capital infusion announcement
Business

Public sector banks' shares jump up to 10% on Rs 70,000 cr capital infusion announcement

Shares of public sector banks on Monday zoomed up to 10 percent after the government announced upfront capital infusion of Rs 70,000 crore into them

Nirmala Sitharaman rolls back tax hike on investors, outlines steps to boost sentiment; industry hails move
Business

Nirmala Sitharaman rolls back tax hike on investors, outlines steps to boost sentiment; industry hails move

Sitharaman also outlined a raft of measures including some for the crisis-hit autos sector, small businesses, and the troubled shadow banking sector

Yes Bank shares zoom 14% amid reports of capital infusion by private equity players
Business

Yes Bank shares zoom 14% amid reports of capital infusion by private equity players

Shares of Yes Bank zoomed 14 percent on Tuesday amid reports that some private equity players may infuse capital in the company

Union Budget 2019: Consolidation of PSU general insurers may require capital infusion of Rs 13,000 cr
Business

Union Budget 2019: Consolidation of PSU general insurers may require capital infusion of Rs 13,000 cr

The government may need to shell out close to Rs 13,000 crore to improve the financial health of public sector general insurers before initiating their consolidation, sources said

Govt may announce infusion of Rs 4,000 cr in 3 public sector general insurance firms
Business

Govt may announce infusion of Rs 4,000 cr in 3 public sector general insurance firms

In 2017, state-owned New India Assurance Company and General Insurance Corporation of India were listed on the bourses.

AAI asked to issue shares against govt funding of Rs 656 cr; PSU to become a company after issuance of equity capital
Business

AAI asked to issue shares against govt funding of Rs 656 cr; PSU to become a company after issuance of equity capital

In the last fiscal, AAI had transferred the entire profit after tax (PAT) for 2017-18 fiscal of Rs 2,800 crore to the government as dividend.

Govt announces Rs 48,239 cr recapitalisation plan for 12 public sector banks
Business

Govt announces Rs 48,239 cr recapitalisation plan for 12 public sector banks

The finance ministry on Wednesday announced to pump in Rs 48,239 crore in 12 public sector banks in this fiscal to help them maintain regulatory capital requirements and finance growth plans

Banks yet to tag Rs 3.5 lakh crore stressed corporate loans as NPAs; NBFCs may witness margin pressures in FY20: Report
Business

Banks yet to tag Rs 3.5 lakh crore stressed corporate loans as NPAs; NBFCs may witness margin pressures in FY20: Report

Jindal said banks may need an additional of Rs 40,000 crore in provisions for these Rs 1.5-2 lakh crore loans, which may slip into NPAs.

RBI lifts lending curbs on Bank of India, Bank of Maharashtra, Oriental Bank of Commerce; move to expand loan growth
Business

RBI lifts lending curbs on Bank of India, Bank of Maharashtra, Oriental Bank of Commerce; move to expand loan growth

Eight public sector banks—Allahabad Bank, United Bank of India, Corporation Bank, IDBI Bank, UCO Bank, Central Bank of India, Indian Overseas Bank and Dena Bank—still remain under PCA framework,

Govt to infuse Rs 2,159 crore in United Bank of India; BoI likely to get highest amount of Rs 10,086 crore
Business

Govt to infuse Rs 2,159 crore in United Bank of India; BoI likely to get highest amount of Rs 10,086 crore

The finance ministry had informed the bank about the capital infusion on Wednesday (26 December), United Bank of India said in a regulatory filing.

In Narendra Modi govt's year of living dangerously, failed fiscal romance causes political heartbreak and institutional wounds
Business

In Narendra Modi govt's year of living dangerously, failed fiscal romance causes political heartbreak and institutional wounds

Judging from the fiscal actions after the electoral debacle, it seems the NDA govt is realising that some fiscal flirting may be a lesser evil compared with some monetary transgression.

Govt seeks Parliament's nod for additional gross expenditure of Rs 85,949 cr, includes about half for PSBs recapitalisation
Business

Govt seeks Parliament's nod for additional gross expenditure of Rs 85,949 cr, includes about half for PSBs recapitalisation

The government on Thursday sought Parliament's approval for additional gross expenditure of Rs 85,948.86 crore, about half of which is for capital infusion in public sector banks through recapitalisation bonds, during the current fiscal ending March 2019.

Keep more capital buffer for your own interest: RBI executive director Sudarshan Sen tells banks
Business

Keep more capital buffer for your own interest: RBI executive director Sudarshan Sen tells banks

Reserve Bank executive director Sudarshan Sen has exhorted banks to maintain higher capital levels than the regulatory mandate to see through business cycles and crises, warning those failing to have adequate buffers will get punished by the system itself.

IL&FS crisis: Uday Kotak-led board deserves praise for quick action without going in for expensive bailout
Business

IL&FS crisis: Uday Kotak-led board deserves praise for quick action without going in for expensive bailout

Uday Kotak has said that IL&FS has to be rehabilitated through the sale of verticals or assets or through a combination of both.

Govt to infuse Rs 42,000 cr in PSU banks by March; next tranche likely in December
Business

Govt to infuse Rs 42,000 cr in PSU banks by March; next tranche likely in December

The government will infuse Rs 42,000 crore in the state-owned banks by March-end and the next tranche would be released as early as next month, a senior finance ministry official said on Monday

RBI board meeting concludes on positive note: Mature solution is good news for financial markets
Business

RBI board meeting concludes on positive note: Mature solution is good news for financial markets

The RBI board meeting which went on for a dramatic nine-hour session has reached a mature solution which is acceptable to all concerned parties

With 32% NPAs on its books, IDBI Bank is now the bad loan King in India: Ring a bell, dear LIC policyholder?
Business

With 32% NPAs on its books, IDBI Bank is now the bad loan King in India: Ring a bell, dear LIC policyholder?

IDBI Bank is the target bank Life Insurance Corportation (LIC) is in the process of acquiring using policyholders’ hard-earned money.

Finance ministry likely to finalise capital infusion of Rs 54,000 cr in public sector banks this month
Business

Finance ministry likely to finalise capital infusion of Rs 54,000 cr in public sector banks this month

In this round of fund infusion, most of the banks would be getting growth capital for expanding their lending, particularly to micro, small and medium enterprises (MSMEs).

PNB shareholders approve sell of 10 cr shares to employees; Rs 2,816 cr capital infusion by govt
Business

PNB shareholders approve sell of 10 cr shares to employees; Rs 2,816 cr capital infusion by govt

The bank informed shareholders that PNB has been working steadily to get back into shape after being hit by the Nirav Modi fraud earlier this year.