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Indradhanush plan News
Shares of 6 banks up after govt decides capital infusion of Rs 7,577 crore
Thu, Jan 04, 2018
The government has pumped Rs 51,858 crore capital in the PSBs so far, since the Indradhanush road map was announced in 2015.
FinMin expects 6 banks to raise funds via FPO as market improves
Sun, Apr 16, 2017
In the Budget 2017-18 speech on February 1, Finance Minister Arun Jaitley announced capital infusion of Rs 10,000 crore for the current fiscal.
Indradhanush 2.0 on anvil for recapitalisation of PSBs
Sun, Feb 12, 2017
The RBI had embarked on the AQR exercise from December 2015 and asked banks to recognise some top defaulting accounts as non-performing assets (NPAs) and make adequate provisions for them. It has had a debilitating impact on banks' numbers and their stocks. The central bank has set a deadline of March 2017 to complete the AQR exercise.
Public sector banks gross NPA hits 9.83% in FY16; rises to 11.82% by September 2016
Fri, Feb 03, 2017
For fiscal year 2015-16, the public sector banks had gross advances of Rs 51,04,915 crore, of which Rs 5,02,068 crore (9.83%) was categorised as gross non-performing assets (GNPA), cited Minister of State for Finance Santosh Gangwar in his written reply to Lok Sabha.
5 achievements of RBI under Raghuram Rajan
Sat, Jun 18, 2016
Rajan wrote a letter to his RBI staff giving all reasons for not taking the second term.