January 02, 2026 09:34 pm (IST)

Make this your homepage

All Finance

‘Epicentre of misgovernance’: Rahul Gandhi blasts Madhya Pradesh govt over deadly water contamination | After Mamdani's letter, 8 US lawmakers push 'fair trial' for Umar Khalid amid UAPA case | ‘Bad neighbours’: Jaishankar shreds Pakistan, defends India’s right to act against cross-border terror | New Year gift for rail passengers! PM Modi to flag off first Vande Bharat sleeper in January | ‘Rs 1 lakh for his tongue’: Shah Rukh Khan faces threats after KKR signs Mushtafizur Rahman amid violence against Hindus in Bangladesh | New Year horror in Switzerland: Dozens feared dead in Crans-Montana bar explosion | Tobacco stocks crushed as govt slaps fresh excise duty from Feb 1 | Vodafone Idea shares explode 10% after surprise settlement and govt relief boost | No third party involved: India govt sources refute China’s Operation Sindoor ceasefire claim | Amit Shah blasts TMC over border fencing; Mamata fires back on Pahalgam and Delhi blast

Government allocates funds for Public Sector Banks' capitalisation needs in 2016-17

India Blooms News Service | | Jul 19, 2016, at 09:05 pm

#public sector banks #bank capitalisation #Indradhanush

New Delhi, Jul 19 (IBNS): The Union Ministry of Finance announced on Tuesday that in line with the announcements made under 'Indradhanush' and the Union Budget, the central Government has undertaken an exercise to assess the capitalisation needs of Public Sector Banks during the year 2016-17.

The capital infusion exercise for the current year is based on an assessment of need as assessed from the CAGR of credit growth for the last five years, banks’ own projections of credit growth and an objective assessment of the potential for growth of each Public Sector Bank.

Consequent upon the above exercise, 75% of the amount collected for each bank is being released now to provide liquidity support for lending operations as also to enable banks to raise funds from the market, the ministry said. The remaining amount, to be released later, is linked to performance, with particular reference to greater efficiency, growth of both credit and deposits and reduction in the cost of operations. Total Rs.22, 915 crore is being allocated to select banks.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.

India
International

Related Images

Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm

Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am

In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm