Recapitalisation: Weak PSU banks infusion rockets by another Rs 41,000 crore
The Government will infuse Rs 41,000 crore into cash-deprived public sector banks (PSB's) in order to recapitalize the credit providers which is projected to heighten the lending capability of the state-owned banks.
Capital infusion by the government
Rs 65,000 crore Infusion the government had earlier announced in 2018. (Rs 23,000 cr had been disbursed + Rs 42,000 cr is remaining) and Rs 41,000 cr additional infusion it plans. (Reuters)
Recapitalisation plan by Centre
Total recapitalisation plan by Centre has therefore risen to Rs 1.06 lakh crore this fiscal. (PTI)
Bad Loans: Reduction in gross NPAs
Rs 23,860cr: Reduction in gross NPAs of public sector banks in the first half. (Reuters)
Bad Loans: Recovered
Rs 60,726 cr: Bad loans recovered by banks in the first half of the current fiscal. (Reuters)
Stock market: Money raised by PSBs
Rs 24,400cr: Raised by PSBs from the stock market. (File photo)
Stock market: Money raised by Government
Rs 58,000cr: The government target to raise funds from the stock market. (Reuters)
The recap plan: October 2017
Rs 2,11 Lakh crore: Recapitalisation over two years announced in October 2017. (Reuters)
The recap plan: Fund source
Rs 18,139 cr would come through budgetary provisions + Rs 1,3Lcr recapitalisation bonds. (Reuters)