NEWS & ADVICE : FIXED DEPOSITS
Capital infusion allotted to PSU banks
By Vaibhav Aggarwal
Oct 24, 2013
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Rs.14,000 crore capital implantation was finalized by the finance ministry today for PSU banks to increase their capital base and guaranteed an alternate tranche in the final quarter of the present financial. He further said capital imbuement might be worked in agreement to the procurements of the Banking Regulations Act in a week or somewhere in the vicinity. The administration will implant capital through particular mode of designation.

The second round of capital imbuement which banks may require for concessional home loans, durable loans of consumers and auto until January, might happen throughout the final quarter of the present monetary by screening their execution over the four months.

Rajiv Takru, Financial Services Secretary, later said that banks will be permitted to bring capital from business sectors up in the proportionate sum implanted by the administration to uphold the legislature's shareholding. "Government shareholding won't go down from the present level," Mr Takru said.


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