Capitalising Public Sector Banks

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Capitalising Public Sector Banks
News and Press Release
Dated:- 26-2-2013

The Government has decided that the disinvestment proceeds with effect from the fiscal year 2013-14 will be cred .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ited to the existing "public account" under the head National Investment Fund (NIF) and will be used for subscribing to the shares being issued by the Central Public Sector Enterprises (CPSEs) includi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ng Public Sector Banks (PSBs) and Public Sector Insurance Companies (PSICs), on rights basis so as to ensure 51% ownership of the Government is not diluted; and for recapitalisation of PSBs and PSICs. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... This was stated by the Minister of State for Finance, Shri Namo Narian Meena in a written reply to a question in the Rajya Sabha today. DSM/RS/ka (Release ID :92539)
News - Press release - PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X