image

GOI infuses capital in Public Sector Banks

Infusion of capital in Public Sector Banks 

Reserve Bank of India (RBI) as a regulator formulates banking policy which includes non-performing assets recognition and resolution.

The Government of India (GoI) under the Indradhanush Plan, has earmarked Rs.70,000 crores for infusion in PSBs between F.Y 2016 and 2019 as per the figures given below:

 

(i) Financial Year 2015-16 Rs. 25,000 crore
(ii) Financial Year 2016-17 Rs. 25,000 crore
(iii) Financial Year 2017-18 Rs. 10,000 crore
(iv) Financial Year 2018-19 Rs. 10,000 crore
  Total Rs. 70,000 crore

 

The Government has already infused a sum of Rs.47,915 crore to PSBs during 2015-16 and 2016-17 based on quantitative analysis of growth and compliance levels.

This was stated by Shri Santosh Kumar Gangwar, Minister of State for Finance in written reply to a question in Rajya Sabha today.

 

*****

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates