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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 tod .....

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for investment and growth in India. He was speaking in connection with the supplementary demand for grants of 2015-16 being laid in the Parliament today, in which ₹ 12000 crore has been provided for bank capitalization. Government also propose .....

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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. I .....

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Government of India wants to adequately capitalize all the banks to keep a safe buffer over and above the minimum norms of Basel III. We have, therefore, estimated how much capital will be required this year and in the next three years till FY 2019. .....

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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 S .....

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ores out of budgetary allocations for four years as per the figures given below: (i) Financial Year 2015 -16 - ₹ 25,000 crore (ii) Financial Year 2016-17 - ₹ 25,000 crore (iii) Financial Year 2017-18 - ₹ 10,000 crore (iv) Financial .....

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provements; and (iv) capital allocation from the government. Improved valuations coupled with value unlocking from non-core assets as well as improvements in capital productivity, will enable PSBs to raise the remaining ₹ 110,000 crore from the .....

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