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TMI BlogCapital Shortage in PSBsX X X X Extracts X X X X X X X X Extracts X X X X ..... Capital Shortage in PSBs X X X X Extracts X X X X X X X X Extracts X X X X ..... e provision for infusion of ₹ 70,000 crore capital to PSBs to boost credit for a strong impetus to the economy. As per inputs received from State Bank of India, bank has obtained approval for raising equity capital of up to ₹ 20,000 crore from the market by way of Qualified Institutional Placement (QIP) or other modes till 31.3.2020. The bank has further informed that at present it i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s well capitalised, with CRAR of 12.72% as on 31.3.2019 against regulatory requirement of 11.325% and, depending upon the requirement, it would decide on raising capital at an appropriate time during the financial year. PSBs source capital through internal capital generation, mobilisation of capital from markets, and infusion by the Government. Thus, capital infusion by the Government complements ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... PSB's internal capital generation and mobilisation of capital from markets. During the period from financial year (FY) 2008-09 to FY2018-19, PSBs have mobilised ₹ 2,81,616 crore of capital through sources other than Government, and have posted net profit of ₹ 98,373 crore, of which a sizeable proportion has contributed to internal capital generation. During the same period, Government ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... has infused capital of ₹ 3,15,721 crore in PSBs.
This was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs in a written reply to a question in Lok Sabha today.
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