Union cabinet cleared the proposal to inject Rs 12,517 crore capital into about ten state-run banks during 2012-13. The recapitalisation will help banks maintain their Tier-I capital at a comfortable level, and hence remain compliant with the stricter capital adequacy norms unde
FlashNews:
Alpex Solar to Commission 2.2 GW G12R TOPCon Cell Facility in Strategic Technology Pivot
IndiGo Adds Bengaluru-Riyadh Direct Flights to Expand Middle East Connectivity
Honeywell Unveils Biocrude Technology to Power Maritime and Aviation Decarbonisation
GREW Solar Unveils G12R Modules for Large-Scale Solar Projects
Inox Solar-LONGi Sign 5 GW Module Deal to Accelerate India’s Solar Manufacturing Push
India Crosses 500 GW Power Capacity; Renewable Generation Tops 50% on Record Day
IMW 2025: Strategic Fleet Ownership Key to India’s Energy Future
POWERGRID, NEA Ink Cross-Border Transmission Pact to Strengthen India-Nepal Power Ties
Rahul Jain Appointed as Suzlon CFO as RE Major Seeks to Expand Footprint
Gadkari Calls for Accountability and Innovation to Build World-Class Roads
India’s Solar Diplomacy Gains Momentum as Minister Joshi Calls for Equitable Energy Transition at ISA Plenary
Solar for All: President Murmu Urges Inclusive Energy Revolution at ISA Plenary
From Code to Concrete: Why the Smart Infrastructure Boom Needs Bobs to Become Tech Builders
Toll Revenues Surge to ₹491.9 Billion in Jan-Sept 2025, Driven by Higher Traffic and Revised User Fees: ICRA Analytics
IMW 2025: India positions itself as maritime bridge between Indo-Pacific and Global South, says Amit Shah
IMW 2025: Gadkari Calls for Private Innovation in Ship Financing, Launches Maritime Vision Report
IndiGo Reconnects with China, Crosses Long-Haul Milestone with Non-Stop London Service
India to Host Asia-Pacific Aircraft Accident Investigation Meet for the First Time
Nithia Capital Acquires Topworth Urja for ₹3 Billion, Expands Long Steel Portfolio
Tag: public sector banks
Ministry seeks nod for Rs 120 bn capital infusion
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
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
Govt to decide on funding for state-run banks
Financial Services Secretary DK Mittal informed that the government would soon decide on allocation of funding to boost the capital base of public sector banks. He also said that boards of each of the banks that need capital would have to decide whether they want to infuse capital through a rights issue. Leading public sector banks that need capital infusion are
India
NPAs of state-run banks rise to Rs 1.43 trillion
The non-performing assets (NPAs) of state-run banks rose to Rs 143,765 crore as at end September, 2012 from Rs 112,489 crore at the end of March, 2012, Minister of State for Finance Namo Narain Meena informed the Rajya Sabha. Of the total gross NPAs of state-run banks, 31.9 per cent belon

