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PSBs recapitalisation News
8 PSU banks to raise capital from market by March
Sun, Dec 03, 2017
Some banks have already got approval from the finance ministry while others are in the process of getting the green signal for raising capital either through private placement or the rights issue, they said.
More capital will push PSBs to up MSME credit: Jaitley
Mon, Nov 13, 2017
Last month, the government had unveiled a whopping Rs 2.11-lakh crore two-year road map to strengthen NPA-hit public sector banks (PSBs), which includes recapitalisation bonds, budgetary support and equity dilution.
Jaitley likely to hold meeting with bankers on Nov 11-12
Fri, Nov 03, 2017
The meeting assumes significance in the light of the recent government announcement of fund infusion in the public sector banks over a period of two years.
Jaitley-led panel will send PSBs merger proposal to cabinet every 3 months
Wed, Nov 01, 2017
Though it was only in May 2016 that effective action to consolidate state-owned banks struck headlines with six associate banks getting merged into State Bank of India in April 2017.