DK Mittal, Secretary, Department of Financial Services (DFS) informed that the finance ministry has sought the formal approval of the cabinet for infusing a total of Rs 12,000 crore capital into various public sector banks (PSBs). The department has already firmed up the list of 12 banks that would get capital support. The funds are likely
Tag: PSBs
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NHB, ministry devise plan to protect bank loans to housing projects
Reports suggest that National Housing Bank (NHB) and finance ministry are devising a plan to prevent loans given by banks for projects which are stalled from turning worthless assets. According to the plan, the ministry wants public sector banks (PSBs) to transfer such projects to ARCs against securitisation (against future cash flows of the projects) and l
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More conditions to get bank funds for road projects
The Union Finance Ministry has cited some suggestions as part of its attempts to improve the risk management practices of the public sector banks (PSBs) with regard to the roads sector.
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Banks should increase their size to participate in the huge infra lending opportunities
Corporation Bank’s lending grew 30 per cent last year, and its confidence in infra-lending is evident. The high growth will continue, according to Chairman and Managing Director Ramnath Pradeep.
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