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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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s to make available ₹ 70,000 crores out of budgetary allocations for four years. The Public Sector Banks (PSBs) play an important role in the economy of India. Of late, because of variety of legacy issues including the delay caused in various a .....

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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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ector 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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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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will be allocated through three tranches to meet three different objectives: Tranche 1: About 40% of this amount will be given to those banks which require support, and every single PSB will be brought to the level of at least 7.5% by Financial Year .....

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