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.