bank recapitalisation
Do you own shares of these 7 PSBs? They may just have made you rich; shares surged up to 10%
Thu, Dec 27, 2018
Performance of these 7 PSBs can be attributed to a particular news. The buzz was that Union Finance Ministry is likely to go for capital infusion of about Rs 28,615 crore in these PSBs.
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Recapitalisation: Weak PSU banks infusion rockets by another Rs 41,000 crore
Fri, Dec 21, 2018
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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Rs 3,800 crore gone in a day! PNB shaves off entire post-recap stock gains
Wed, Feb 14, 2018
Shares of Punjab National Bank (PNB) tanked 10 per cent on Wednesday soon after the public sector lender informed bourses about a financial fraud of over Rs 11,000 crore at one of its Mumbai branches. With this huge sell-off, Rs 3800 crore worth of investor wealth has gone in a day.
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FM Arun Jaitley should focus on rural economy, affordable housing in Budget 2018: Arundhati Bhattacharya
Mon, Jan 29, 2018
Credit growth will take at least two-three quarters to see a revival, while borrowing cost is not going to come down any time soon, said ex-SBI Chairman Arundhati Bhattacharya in an exclusive interview to Zee Business.
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Growth to pick up to 7.6% in second half of this fiscal: Crisil
Fri, Dec 01, 2017
The agency said "Gross value-added (GVA) growth, which measures the economy from the producer or supply side – and is supposed to be a better measure of economy activity – improved to 6.1% in Q2 from 5.6% in Q1, largely on account of revival in industrial activity."
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FinMin giving final touches to recap bonds, FM nod likely soon
Wed, Nov 29, 2017
The Department of Financial Services, in consultation with the Reserve Bank of India, has submitted proposals to the Department of Economic Affairs, which is working on the final structure, a government official said, adding that the final structure will be known in the next few days after approval from the finance minister.
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Stress on asset resolution, recapitalisation to improve banks' balance sheets: Acharya
Fri, Nov 17, 2017
The Deputy Governor said: "The dominance of the supply side factor has also been borne out by the fact that the credit growth of private sector banks remains robust, whereas there has been a sharp deceleration in the credit growth of PSBs"
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