TMI BlogRecapitalisation of Public Sector Banks (PSBs)X X X X Extracts X X X X X X X X Extracts X X X X ..... Recapitalisation of Public Sector Banks (PSBs) - News and Press Release Dated:- 15-12-2018 - News - Government of India (GoI) announced recapitalisation of Public Sector Banks (PSBs) to the tune of ₹ 2.11 lakh crore in October 2017, through infusion of capital by the Government and raising of capital by banks from the markets. ₹ 88,139 crore was infused by the Government in PSBs duri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng financial year (FY) 2017-18 after the recapitalisation announcement and provision of ₹ 65,000 crore has been made in the budget for the current financial year for infusion. Since the recapitalisation announcement till November 2018, PSBs have been recapitalised to the tune of ₹ 1,28,861 crore through infusion and mobilisation of capital from the market. Bank-wise details of capital ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... infusion by the Government in FY 2017-18 and current FY 2018-19, up to 30.11.2018), are in the Annexure. The benefits that have accrued to customers, include, inter alia , the following: (i) increasing access to banking services from home and mobile through digital banking and enhanced customer ease (ii) unprecedented financial inclusion ,Jan Dhan programme by the Government has enabled ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... opening of bank accounts for millions of previously unbanked customer (about 33.46 crore such accounts have been set up as of 5.12.2018, with balance of about ₹ 84,800 crore) and allowing users to receive government subsidies (as DBT) and to access remittances, credit, insurance, and essentially being included financially, increased availability of loans upto ₹ 10 lakh to the non-corpo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rate, non-farm small/micro enterprises under Pradhan Mantri MUDRA Yojana (PMMY),wherein a borrower can approach any of the lending institutions or can apply online through portal. (during FY 2017-18, 4.81 crore loans were sanctioned and in the current financial year, as on 7.12.2018, 2.81 crore loans MUDRA loans have been sanctioned. (iii) increasing lending to MSMEs through time-bound automate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d processing and transparent status-tracking, with financially and technologically strengthened banks leveraging digitalised bank statements and income-tax and GST returns and according in-principle loan sanction within59 minutes, and (iv) meet the production credit requirements of the farmers in a timely and hassle-free manner by introducing Rupay Kisan Credit Card India s global-rank for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... getting credit as per World Bank s Ease of Doing Business Index has improved from 44 in 2016 to 22 in 2018. Annexure Capital Infusion by Government Amounts in crore Rupee S. No Bank 2017-18 2018-19 (up to 30.11.2018) 1 Allahabad Bank 1,500 4 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ,844 2 Andhra Bank 1,890 2,019 3 Bank of Baroda 5,375 - 4 Bank of India 9,232 - 5 Bank of Maharashtra 3,173 - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6 Canara Bank 4,865 - 7 Central Bank of India 5,158 2,354 8 Corporation Bank 2,187 2,555 9 Dena Bank 3,045 - 10 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IDBI Bank Limited 12,471 - 11 Indian Bank - - 12 Indian Overseas Bank 4,694 2,157 13 Oriental Bank of Commerce 3,571 - 14 Pu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... njab National Bank 5,473 8,247 15 Punjab and Sind Bank 785 - 16 Syndicate Bank 2,839 728 17 UCO Bank 6,507 - 18 Union Bank of In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dia 4,524 - 19 United Bank of India 2,634 - 20 Vijaya Bank 1,277 - 21 State Bank of India 8,800 - Source: PSBs This was stated by Shri Shiv Prat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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