Finance Ministry directs six PSBs to improve on PCA parameters
The Union Ministry of Finance has directed six Public Sector Banks (PSBs), currently under the Prompt Corrective Action (PCA) to…
15 FEB 2019
Recapitalisation
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Recapitalisation
Centre plans to infuse Rs 2159 crore in United Bank of India
Public lender United Bank of India said that centre is planning to infuse Rs 2,159 crore in the bank as…
28 DEC 2018
Govt to invest Rs 23.5 bn in recapitalisation of Central Bank of India
The government is planning to inject Rs 23.5 billion into Central Bank of India to help it meet its capital…
20 SEP 2018
Govt planning to bring down stakes in IDBI Bank
The centre is trying out all its ways, including Qualified Institutional Placement (QIP), to bring down its stakes in public…
12 JUN 2018
Centre gets Lok Sabha’s nod, bags Rs 80,000 crore fund for PSBs
Public Sector Banks (PSBs) are most likely to receive Rs 80,000 crore of fresh recapitalisation funds in this fiscal year.…
05 JAN 2018
Finance Ministry directs PSBs to submit fund-raising plans in a month
As a part of its recapitalisation plans, the finance ministry has directed all the state-run banks to submit their fund-raising…
16 NOV 2017
