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 …
The government is planning to list three to four financially strong regional rural banks on stock exchanges in the current fiscal after the conclusion of a consolidation exercise, sources said. Currently, the Centre holds 50 per cent in RRBs, while 35 per cent and 15 per cent are with the concerned sponsor banks and state governments, respectively. Even after stake …
In order to help maintain regulatory capital requirements and finance growth plans, the finance ministry on Wednesday announced to pump in Rs 48,239 crore in 12 public sector banks. The government will infuse Rs 9,086 crore in Corporation Bank and Rs 6,896 crore in Allahabad Bank -- the two "better-performing" banks currently under the Prompt Corrective Action supervision of the …
Finance Minister Arun Jaitley has announced a Rs 2.11 lakh crore road map for strengthening public sector banks, including re-capitalisation bonds. The capital infusion will be accompanied by reforms to enable the state-owned banks to play a major role in the financial system and give a strong push to the job-creating MSME sector.
