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07 April, 2020, 02:16 PM IST

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CAPITAL INFUSION

India reassures banks of capital infusion: Sources

New Delhi may need to make a provision of at least 200-250 billion rupees ($5.90 billion) for capital infusion in state-run banks. However, this number can increase significantly as the situation evolves, the officials said.

Govt to infuse Rs 1,300 cr in Exim Bank next fiscal

The government has decided to pump Rs 1,300 crore into state-owned Export-Import Bank of ...

Budget 2020: Govt may infuse fresh capital into regional rural banks

The size of the capital infusion could be in the range of Rs 10,000-15,0...

  • His comments in a press statement followed reports in the social media about the health of the bank. A bank’s health is measured by capital to risk weighted assets ratio (CRAR), and not by m-cap to deposit ratio as claimed by some reports, he said.

    State-owned Indian Overseas Bank has received government's capital infusion of Rs 4,360 crore towards contribution in the preferential allotment of equity shares.

    "As on February 28, 2020, Rs 87,069 crore has been extended to cooperative banks and regional rural banks in short-term refinance. In addition, long-term refinance of Rs 59,502 crore has also been provided to these banks as well as other financial institutions," National Bank for Agriculture and Rural Development (Nabard) said.

    Frog already has a formidable retail presence in over 250 cities across 600+ retail points. It has previously raised funds from Fireside Ventures.

    Information and Broadcasting Minister Prakash Javdekar said that the recapitalization of RRBs will improve their Capital to Risk Weighted Assets Ratio.

    Banks have been asked to make available an additional 10% in funds over and above sanctioned working capital loans, but not exceeding 2 billion rupees per loan account as part of the emergency measures, a senior government official, who did not want to be named, said. India's largest lender, State Bank of India, has already rolled out this emergency credit line.

    Yes Bank customers have been restricted with a cash withdrawal limit of Rs 50,000 till April 3 ever since the Reserve Bank superseded the board of the bank on March 5, 2020 and appointed Kumar - a former SBI executive - as its administrator.

    Punita Sinha, wife of former aviation minister Jayant Sinha, will be the chief investment officer of InCred, which is looking to expand to a full-service financial services company from retail and MSME focused NBFC, multiple sources with knowledge of the matter told ET.

    Government of India holding in the non-banking finance company, which stood at 56.42 per cent at the end of December 2019, would increase after the capital infusion.

    Reserve Bank Governor Shaktikanta Das on Friday said about Rs 3.74 lakh crore liquidity on aggregate basis will be infused into the financia...

    Reserve Bank Governor Shaktikanta Das on Friday said about Rs 3.74 lakh crore liquidity on aggregate basis will be infused into the financial system to deal with the COVID-19 pandemic.

    Yes shares fell from a lifetime high of Rs 404 in August, 2018 to a low of Rs 16.60 today at market closing.

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