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Fm Govt Lays Down Four Year Long Plan for Bank Capitilisation; this will Give a Major Boost of for Investment and Growth

Dated:- 1-8-2015 - Supplementary Demand for Grants 2015-16 Presented: an Amount of ₹ 12,000 Crore has been Provided for Bank Capitilisation. Govt Proposes to Invest ₹ 70000 Crores in Four Years. Finance Minister Shri Arun Jaitley said today that the Government has laid down a long term four year plan for Bank capitalization .He added that It is a long overdue step, Government in the past has talked about it, But this time government is actually implementing it. This will gave a boost .....

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pprovals as well as land acquisition etc., and also because of low global and domestic demand, many large projects are strained. Public Sector Banks which have got predominant share of infrastructure financing have been affected by this phenomenon. It has resulted in lower profitability of Public Sector Banks, mainly due to provisioning for the restructured projects as well as for gross NPAs. As of now, the PSBs are adequately capitalized and meeting all the Basel III and RBI norms. However, the .....

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ut ₹ 1,80,000 crore. This estimate is based on credit growth rate of 12% for the current year and 12 to 15% for the next three years depending on the size of the bank and their growth ability. We are also presuming that the emphasis on Public Sector Bank s financing will reduce over the years by development of vibrant corporate debt market and by greater participation of Private Sector Banks. Out of the total requirement, the Government of India proposes to make available ₹ 70,000 cr .....

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