Government intends to infuse Capital in Various Public Sector Banks to Cater to the Growing Credit needs of Productive Sectors of Economy and to help the banks in getting Prepared for Implementation of basel III Norms

Press Information Bureau

Government of India

Ministry of Finance

20-December-2012 19:07 IST

The Government of India intends to infuse capital in the Public Sector Banks (PSBs) in order to maintain their Capital to Risk Weighted Asset Ratio (CRAR) above regulatory norms and at a comfortable level and also to cater to the growing credit needs of productive sectors of economy as well as to help the banks in getting prepared for implementation of Basel III norms which are effective from 01.01.2013. the position of level of CRAR is reviewed at the end of the Finance Year. Bank-wise details of capital infusion are being firmed up for the year 2012-13.

This was stated by the Minister of State for Finance Shri Namo Narain Meena in a written reply to a question in the Rajya Sabha today.

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