BRICS 20262 hrs ago
Recapitalisation: Weak PSU banks infusion rockets by another Rs 41,000 crore
- Written by ZeeBiz WebTeam
Published: Zee Business| Updated: Zee Business
The Government will infuse Rs 41,000 crore into cash-deprived public sector banks (PSB's) in order to recapitalize the credit providers which is projected to heighten the lending capability of the state-owned banks.
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Capital infusion by the government
1/8Rs 65,000 crore Infusion the government had earlier announced in 2018. (Rs 23,000 cr had been disbursed + Rs 42,000 cr is remaining) and Rs 41,000 cr additional infusion it plans. (Reuters)
2/8
Recapitalisation plan by Centre
2/8Total recapitalisation plan by Centre has therefore risen to Rs 1.06 lakh crore this fiscal. (PTI)
3/8
Bad Loans: Reduction in gross NPAs
3/8Rs 23,860cr: Reduction in gross NPAs of public sector banks in the first half. (Reuters)
4/8
Bad Loans: Recovered
4/8Rs 60,726 cr: Bad loans recovered by banks in the first half of the current fiscal. (Reuters)
5/8
Stock market: Money raised by PSBs
5/8Rs 24,400cr: Raised by PSBs from the stock market. (File photo)
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Stock market: Money raised by Government
6/8Rs 58,000cr: The government target to raise funds from the stock market. (Reuters)
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The recap plan: October 2017
7/8Rs 2,11 Lakh crore: Recapitalisation over two years announced in October 2017. (Reuters)
8/8
The recap plan: Fund source
8/8Rs 18,139 cr would come through budgetary provisions + Rs 1,3Lcr recapitalisation bonds. (Reuters)
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