Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: 4.8
Article rating: 5.0
Article rating: 3.0
Article rating: No rating
Article rating: 5.0
Article rating: No rating
Article rating: No rating
Article rating: 4.5
Article rating: No rating
Article rating: No rating
Article rating: 4.2
Article rating: 5.0
Article rating: 4.0
Article rating: No rating
Article rating: No rating


Govt pumped in Rs 52,000 cr in public sector banks since 2015-16

Author: IANS/Thursday, December 21, 2017/Categories: Banking & Financial Services

Govt pumped in Rs 52,000 cr in public sector banks since 2015-16

New Delhi - The government informed the Lok Sabha that it had so far infused a capital of Rs 51,858 crore in Public Sector Banks (PSBs) under its 'Indradhanush Plan' since 2015-16.

"The government allocated Rs 22,915 crore in 13 PSBs during FY 2016-17 under the first tranche of capital infusion, of which Rs 16,414 (75 per cent) was infused upfront and the remaining was to be infused based on the performance of the respective banks," it said in a written reply to a question in the Lok Sabha.

The data shared by the government along with the reply showed that out of the total Rs 51,858 crore, Rs 25,000 crore was infused in 2015-16, Rs 24,997 crore in 2016-17 and Rs 1,861 crore in 2017-18.

"The government proposed to make available Rs 70,000 crore out of its budgetary allocations for infusing capital in the PSBs. Funds of Rs 25,000 crore each in the financial years 2015-16 and 2016-17, and Rs 10,000 crore each in financial years 2017-18 and 2018-19, were envisaged," it said.

Print Rate this article:
No rating

Number of views (212)/Comments (0)

rajyashree guha


Other posts by IANS
Contact author

Leave a comment

Add comment



Ask the Finapolis.

I'm not a robot
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest



The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free