News Muncher - searching for recapitalisation

1 year, 6 months ago

Net profit of PSBs almost tripled to ₹1.04 lakh in FY2022-23: FM Sitharaman

Finance Minister Nirmala Sitharaman on Saturday appreciates the state-run banks for becoming profiteering. According to the union Finance Minister, the net profit of public sector banks has almost tripled to ₹1.04 lakh crore in fiscal 2022-23. "The Non-Performing Assets of the Indian banks is estimated to reduce further to a decadal low of 3.8% by end of FY 2023-24," Sitharaman …

Indian Sitharaman Banks Stable

1 year, 11 months ago

British Army ‘in urgent need of recapitalisation’, defence minister admits

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Army Labour Defence Minister Wallace Urgent Need British Army Minister Admits

2 years, 3 months ago

Stocks to Watch: ONGC, ACC, Titagarh Wagons, Hindustan Copper, BoI

Live Mint

Here is the list of top 10 stocks that will be in focus today ONGC: Oil and Natural Gas Corporation has signed six contracts for Discovered Small Fields offshore, with three each for fields in the Arabian Sea and Bay of Bengal, the company said on Saturday. Titagarh Wagons: The Italian government and a UAE-based private equity firm have together …

Bank Crore Million Hdfc Bank Hindustan Copper Ieg Titagarh Wagons

2 years, 9 months ago

Govt seeks Parliament nod for additional spending of ₹1.5 tn in FY22

Live Mint

The government on Monday sought Parliament's approval for an additional spending of ₹1.58 trillion to meet its expenditure commitments towards settling loans taken from National Small Savings Funds for Pradhan Mantri Awas Yojana and higher fertiliser subsidy outgo as the war in Europe has led to soaring prices of soil nutrients and their feedstocks. Finance Minister Nirmala Sitharaman presented the …

Crore Parliament Additional Expenditure Pradhan Mantri Subsidy Sought

3 years ago

Centre unlikely to announce capital infusion for PSU banks in Budget 2022-23

Firstpost

Finance Minister Nirmala Sitharaman is expected to present the fourth budget of the Modi 2.0 government on 1 February New Delhi: The government is unlikely to announce capital infusion for public sector banks in the upcoming Budget, as their financial health has improved on the back of reduction in bad loans, sources said. During the last financial year, PSBs raised …

Financial Budget Capital Profit Crore Banks 31 March

3 years, 3 months ago

Explained | What is the need for a ‘bad bank’?

The Hindu

The story so far: The Union Cabinet on Wednesday approved a ₹30,600-crore backstop facility for guaranteeing securities to be issued by the National Asset Reconstruction Company Ltd., the so-called ‘bad bank’ that is being set up to help aggregate and consolidate lenders’ non-performing assets or bad loans. A ‘bad bank’ is a financial entity set up to acquire NPAs from …

Resolution Banks Receipts Npas Narcl Security Receipts Bad Bank

3 years, 9 months ago

Rising commodity prices, stretched valuations risking Indian stocks: UBS global

Hindustan Times

Rising commodity prices and stretched valuations are posing a risk to the rally in Indian stocks, making a case for equities to underperform local bonds over the next 12 months, according to UBS Global Research. “Equity valuations relative to bonds are at levels seldom seen,” Sunil Tirumalai, Mumbai-based head of India strategy at UBS, said referring to the gap between …

Indian Indian Stocks Ubs Tirumalai

3 years, 10 months ago

Parliament proceedings | Banks wrote off ₹1.15 lakh cr. in nine months of FY21: Anurag Thakur

The Hindu

Banks have written off bad loans to the tune of ₹1.15 lakh crore in the first three-quarters of the current fiscal, the Lok Sabha was informed on March 8. As per RBI guidelines and policy approved by bank boards, non-performing loans, including those in respect of which full provisioning has been made on completion of four years, are removed from …

Recovery Crore Rbi Banks Written Thakur Rbi Guidelines

3 years, 10 months ago

Finance Ministry to Infuse Rs 3,000 Cr in General Insurance Companies this Quarter

News 18

The Finance Ministry will infuse Rs 3,000 crore capital into state-owned general insurance companies during the current quarter in a bid to improve their financial health. The cabinet had also decided to increase the authorised share capital of National Insurance Company Limited to Rs 7,500 crore and that of United India Insurance Company Limited and Oriental Insurance Company Limited to …

Insurance Capital Insurance Companies Infuse Rs General Insurance Companies

3 years, 11 months ago

Parliament proceedings | Banks' NPAs decline to ₹8.08 lakh crore in Sept 2020: Govt

The Hindu

Non-performing assets or bad loans of the banking sector came down from a high of ₹10.36 lakh crore at the end of March 2018 to ₹8.08 lakh crore at the end of September 2020 due to various initiative of the government, Minister of State for Finance Anurag Thakur informed the Rajya Sabha on Tuesday. As a result of the Asset …

Crore Banks Npas

3 years, 11 months ago

Union Budget 2021: Sitharaman defends privatisation of PSBs in interview with News18, says India needs more efficient banks

Firstpost

In an exclusive interview to CNN-News18’s Rahul Joshi after unveiling the Union Budget 2021 on Monday, Union minister Nirmala Sitharaman weighed in on the key takeaways from the budiget and defended the Centre’s push for disinvestment, including two public sector banks. Speaking to Network18 Group Editor Rahul Joshi, Sitharaman said that the Centre is looking at setting up a holding …

Budget Farmers Banks Sitharaman Msp Union Budget Defends Privatisation

3 years, 11 months ago

Investors richer by over Rs 6.34 lakh crore as markets give big shout-out to Budget 2021

India TV News

Investors became richer by over Rs 6.34 lakh crore on Monday as markets gave a big shout-out to the Budget 2021-22, which analysts termed as 'unprecedented' against the backdrop of the pandemic-induced slowdown. Cheering the Budget proposals, the BSE benchmark Sensex zoomed 2,314.84 points or 5 per cent to close at 48,600.61. "For FY22 capital expenditure is pegged at Rs …

Market Tax Budget Crore Cent Bse Sensex

3 years, 11 months ago

Budget Strikes Right Balance to Improve Health Infrastructure, Boost Growth, Say Bankers

News 18

The Union Budget 2021-22 strikes a right balance to boost health infrastructure as well as support the COVID-19-hit economy as there has been a push for more spending, bankers said on Monday. Unveiling the Union Budget 2021-22, that was for the first time came in a digital format, Finance Minister Nirmala Sitharaman announced capital infusion of Rs 20,000 crore into …

Health Growth Infrastructure Budget Managing Director Boost Capital Infusion

3 years, 11 months ago

New NPA Cycle, Privatisation Among Ailments in Banking that Union Budget 2021 is Expected to Address

News 18

With the Union Budget less than a week away, stakeholders in the banking sector expect the Centre to go beyond recapitalisation of bonds to infuse capital in public sector banks. The RBI’s stress test recently revealed that bank NPAs could jump from 7.5 per cent in September last year to 13.5 per cent by September this year. The gross non-performing …

Bank Capital Cent Banks Psbs

3 years, 11 months ago

Meet Nirmala Sitharaman's Team Behind Budget 2021 That Promises to Be 'Like Never Before'

News 18

In less than a week, the Narendra Modi government will present perhaps its most important budget as the Indian economy recovers from an unprecedented global pandemic. Meet Finance Minister Nirmala Sitharaman’s team that will navigate often competing, multiple demands from various sectors, citizens, and stakeholders to provide a probable balm in these Covid times. As head of the Revenue Department, …

Budget Indian Economic Department Pandey Sitharaman Bajaj

3 years, 11 months ago

RBI Raises Concerns Over Zero-coupon Bond for PSB Recapitalisation, Talks on With Govt for Solution

News 18

New Delhi: The Reserve Bank of India has expressed some concerns over zero-coupon bonds for the recapitalisation of public sector banks and discussion is on between the central bank and Finance Ministry to find a solution, according to sources. The government resorted to recapitalisation bonds with a coupon rate for capital infusion into PSBs during 2017-18 and interest payment to …

Bank Capital Interest Bond Crore Rbi Bonds

4 years, 3 months ago

The battle to save banks

India Today

The battle for saving banks has been a long drawn one. Speaking at the seventh SBI Banking and Economics Conclave in July, RBI governor Shaktikanta Das said: “The economic impact of the pandemic due to the lockdown and the anticipated post-lockdown compression in economic growth may result in higher NPAs and capital erosion of banks. A recapitalisation plan for PSBs …

Rbi Lending Npa Npas Lakh Crore Sector Banks

4 years, 3 months ago

No proposal for raising FII limit in PSBs to 49%: Anurag Singh Thakur

Live Mint

New Delhi: There is no proposal for raising Foreign Institutional Investment ceiling in public sector banks to 49 per cent from 20 per cent for capital mobilisation, Minister of State for Finance Anurag Singh Thakur informed the Lok Sabha on Monday. "No proposal to amend this, is currently under consideration of the government," he said while replying to a question …

Fii 20 Per Cent No Proposal

4 years, 4 months ago

Explained: What government can do to revive India's shrinking economy

India Today

The government needs to act fast to prevent India’s economy from sinking further, according to several experts who anticipate the country’s Gross Domestic Product to shrink more if corrective measures including additional stimulus are not urgently taken. India’s GDP shrinks by 23.9% in first quarter of FY2020-21 Not just Rajan but many other economists including the likes of former Prime …

India Economy States Economic Stimulus State Help

4 years, 4 months ago

Govt consumption key to support demand growth in economy, says RBI

India Today

Indian government consumption will support current economic demand while private consumption is likely to lead a recovery that takes hold after the coronavirus pandemic eases, the central bank said on Tuesday. “Going forward, government consumption is expected to continue pandemic-proofing of demand.” Private consumption will come back gradually with non-discretionary spending leading the way, until a durable increase in disposable …

Bank Consumption Rbi

4 years, 5 months ago

Indian economy to see sharp V-shaped recovery in Q3, Q4: N.K. Singh

The Hindu

India will see a sharp V-shaped recovery in the third and fourth quarters of the current fiscal, but FY21 GDP growth would ultimately be in negative territory as the coronavirus lockdown led to serious demand and supply dislocations, 15th Finance Commission Chairman N.K. Stating that global economic depression will continue to cast shadow on growth prospects next fiscal, Mr. Singh …

India Growth Indian Singh Fiscal Indian Economy

4 years, 5 months ago

Indian Economy to See Sharp V-shaped Recovery in Q3, Q4: 15th Finance Panel Chief NK Singh

News 18

India will see a sharp V-shaped recovery in the third and fourth quarter of the current fiscal, but FY21 GDP growth would ultimately be in negative territory as the coronavirus lockdown led to serious demand and supply dislocations, 15th Finance Commission Chairman NK Singh said on Monday. The growth projections for current year by various global and domestic agencies indicate …

India Growth Indian Singh Cent Fiscal Per Cent

4 years, 5 months ago

Virgin Atlantic resumes flights from Heathrow to Hong Kong, New York and LA

Daily Mail

Virgin Atlantic is set to resume flights to Hong Kong, New York and Los Angeles this week, but bosses are warning passengers 'it's essential travel only.' Tonight a Virgin Atlantic flight will leave Terminal 2 at Heathrow bound for Hong Kong, with two more flights bound for New York and LA set to to take off tomorrow. Virgin Atlantic will …

Hong Kong New York Airline Hong Manchester Heathrow Virgin

4 years, 5 months ago

Branson stumps up £200m to secure a rescue package for Virgin Atlantic

Daily Mail

Virgin Atlantic has secured a £1.2billion rescue package in a boost for Britain's beleaguered aviation industry. Rescue package: Sir Richard Branson's Virgin Atlantic was at risk of plunging into administration after the global travel shutdown forced it to abandon commercial flights The rescue, through private funding, is a vindication of the Government's decision to resist a plea by Richard Branson …

Rescue Airline Virgin Atlantic Virgin Atlantic Branson Rescue Package

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Search results for recapitalisation

Net profit of PSBs almost tripled to ₹1.04 lakh in FY2022-23: FM Sitharaman

British Army ‘in urgent need of recapitalisation’, defence minister admits

Stocks to Watch: ONGC, ACC, Titagarh Wagons, Hindustan Copper, BoI

Govt seeks Parliament nod for additional spending of ₹1.5 tn in FY22

Centre unlikely to announce capital infusion for PSU banks in Budget 2022-23

Explained | What is the need for a ‘bad bank’?

Rising commodity prices, stretched valuations risking Indian stocks: UBS global

Parliament proceedings | Banks wrote off ₹1.15 lakh cr. in nine months of FY21: Anurag Thakur

Finance Ministry to Infuse Rs 3,000 Cr in General Insurance Companies this Quarter

Parliament proceedings | Banks' NPAs decline to ₹8.08 lakh crore in Sept 2020: Govt

Union Budget 2021: Sitharaman defends privatisation of PSBs in interview with News18, says India needs more efficient banks

Investors richer by over Rs 6.34 lakh crore as markets give big shout-out to Budget 2021

Budget Strikes Right Balance to Improve Health Infrastructure, Boost Growth, Say Bankers

New NPA Cycle, Privatisation Among Ailments in Banking that Union Budget 2021 is Expected to Address

Meet Nirmala Sitharaman's Team Behind Budget 2021 That Promises to Be 'Like Never Before'

RBI Raises Concerns Over Zero-coupon Bond for PSB Recapitalisation, Talks on With Govt for Solution

The battle to save banks

No proposal for raising FII limit in PSBs to 49%: Anurag Singh Thakur

Explained: What government can do to revive India's shrinking economy

Govt consumption key to support demand growth in economy, says RBI

Indian economy to see sharp V-shaped recovery in Q3, Q4: N.K. Singh

Indian Economy to See Sharp V-shaped Recovery in Q3, Q4: 15th Finance Panel Chief NK Singh

Virgin Atlantic resumes flights from Heathrow to Hong Kong, New York and LA

Branson stumps up £200m to secure a rescue package for Virgin Atlantic