LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Additional Rs 41,000 crore will be infused in public banks, says Arun Jaitley

Finance Minister Arun Jaitley on Thursday said he expected a few public sector banks (PSB) to exit the Reserve Bank of India`s prompt corrective action (PCA) framework regime after a fresh infusion of capital in them.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Additional Rs 41,000 crore will be infused in public banks, says Arun Jaitley
According to Jaitley, an additional amount of Rs 41,000 crore will be infused in some public sector banks. Reuters
Written By: IANS
Updated: Thu, Dec 20, 2018
05:36 pm
IANS
RELATED NEWS
Govt keen on amalgamation of PSBs to create globally competitive, healthy large banks, says Arun Jaitley Govt keen on amalgamation of PSBs to create globally competitive, healthy large banks, says Arun Jaitley
'Satyameva Jayate, the truth shall prevail' - Arun Jaitley tweets after CAG report on Rafale deal 'Satyameva Jayate, the truth shall prevail' - Arun Jaitley tweets after CAG report on Rafale deal
Budget 2019 speech date, time, major expectations: All you need to know Budget 2019 speech date, time, major expectations: All you need to know
Budget 2019: Real Estate sector expects single window clearance, GST cut on under-construction projects Budget 2019: Real Estate sector expects single window clearance, GST cut on under-construction projects
Upper caste quota will not breach 50 per cent SC cap: Arun Jaitley Upper caste quota will not breach 50 per cent SC cap: Arun Jaitley

New Delhi: Finance Minister Arun Jaitley on Thursday said he expected a few public sector banks (PSB) to exit the Reserve Bank of India`s prompt corrective action (PCA) framework regime after a fresh infusion of capital in them.

According to Jaitley, an additional amount of Rs 41,000 crore will be infused in some public sector banks.

"Providing capital to better performing PCA banks to achieve 9 per cent capital to risk weighted asset ratio; 1.875 per cent Capital Conservation Buffer and the six per cent net NPA threshold, facilitating them to come out of PCA," Jaitley told reporters about the target of the government`s capital infusion in PSU banks.

Earlier in the day, the government presented in the Lok Sabha the second Supplementary Demands for Grants for 2018-19 for gross additional expenditure of Rs 85,948.86 crore which includes Rs 41,000 crore for recap of the PSBs that have been hit hard by Non-Performing Assets (NPAs).

Watch This Zee Business Tweet Video

#ZBizImpact | #ZeeBusiness की खबर पर लगी मुहर...एग्री कमोडिटी में ट्रेडिंग का समय बढ़ा। अब सुबह 9 से शाम 6 बजे तक होगी ट्रेडिंग, समय में बदलाव 31 दिसंबर से लागू। अभी सुबह 10 से शाम 5 बजे तक होती है ट्रेडिंग।@AnilSinghviZEE @mrituenjayj pic.twitter.com/ZYGfMGjb4K

— Zee Business (@ZeeBusiness) December 20, 2018

Currently, 11 banks with high bad debts are under the PCA framework that prohibits them from further lending. On the insistence of the central government, the RBI`s Board for Financial Supervision is expected to meet soon on the issue.
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Arun JaitelyFinance MinisterPSU bank
RELATED NEWS
Govt keen on amalgamation of PSBs to create globally competitive, healthy large banks, says Arun Jaitley Govt keen on amalgamation of PSBs to create globally competitive, healthy large banks, says Arun Jaitley
'Satyameva Jayate, the truth shall prevail' - Arun Jaitley tweets after CAG report on Rafale deal 'Satyameva Jayate, the truth shall prevail' - Arun Jaitley tweets after CAG report on Rafale deal
Budget 2019 speech date, time, major expectations: All you need to know Budget 2019 speech date, time, major expectations: All you need to know
Budget 2019: Real Estate sector expects single window clearance, GST cut on under-construction projects Budget 2019: Real Estate sector expects single window clearance, GST cut on under-construction projects
Upper caste quota will not breach 50 per cent SC cap: Arun Jaitley Upper caste quota will not breach 50 per cent SC cap: Arun Jaitley

LATEST NEWS

SBI Cards: Motilal Oswal initiates coverage with a Neutral rating and target price of Rs 1200

LIVE: Gujarat Taluka Panchayat Elections Results 2021: BJP wins 1036 seats - Check latest news updates, seats details here

SBI Home Loan EMI Calculator: Save more than Rs 2000 per month on Rs 50 lakh loan - here is how

Yes Bank Share Price: Experts unveil this money making strategy in this stock

7th Pay Commission latest news today: Central government employees alert! This premium is part of your allowance

Taylor Swift calls out Netflix series for 'deeply sexist joke' over her past relationships

Gold Price Today 2-03-2021 – MCX Gold cheaper by Rs 400 on Tuesday morning, Silver expensive by Rs 69; BUY or SELL?

PUBG Mobile update: PUBG Mobile New State game may not be launched in India?

From SBI Power Demat Account avail benefit of SBI Savings Account - From free ATM card to loans, check out offer by State Bank of India

Sara Ali Khan: My mother has gone through so much more than I have

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved