Govt to Infuse Rs 83,000 Crore in Public Sector Banks in Next Few Months: Arun Jaitley
Team Udayavani, Dec 21, 2018, 9:44 AM IST
New Delhi: Finance Minister Arun Jaitley on Thursday said the government will infuse Rs 83,000 crore in public sector banks in the next few months of the current fiscal.
On Thursday, the government sought Parliament’s approval for infusion of an additional Rs 41,000 crore in the state-owned banks through the second batch of Supplementary Demands for Grants.
This would enhance the total recapitalisation in the current fiscal from Rs 65,000 crore to Rs 1.06 lakh crore.
The recapitalisation, Jaitley told reporters, will enhance the lending capacity of state-owned banks and help them come out of the RBI’s Prompt Corrective Action (PCA) framework.
Jaitley further said recognition of non-performing assets in the public sector banks is complete, and the downslide in bad loans has begun.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Markets tumble as COVID woes pile up; post weekly losses
Xiaomi India to divert promotional funds towards COVID-19 relief
Ambani buys Britain’s iconic country club Stoke Park for 57 mn pounds
FM Sitharaman says looking at how best to sort out Cairn arbitration
S&P forecasts 11 per cent growth for India this fiscal, flags ‘substantial’ impact of broader lockdowns
MUST WATCH
Do Surgical Masks Protect You from Viruses?
UV Exclusive | Increase in covid but why hiring of ventilator operator
Udayavani 23-April-2021 News Bulletin
D.K. district administration will be able to deal with the situation adequately for the next 15 days: Dr. Rajendra K.V
Mangaluru: 1 arrested in Surathkal animal cruelty case
Latest Additions
IAF airlifts empty oxygen tankers, containers to filling stations across India
B’luru: Three health workers sacked for taking bribe for fake COVID-19 reports
PM to launch distribution of e-property cards under SWAMITVA scheme on Saturday
Karnataka DyCM directs officials not to force students in hostels to vacate
Ujire Kidnap case: Two accused granted bail