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Capital Support News

Finance Ministry

01 Jan 2017

Govt permits 12 PSU banks to raise Rs 3,000 crore from market

In a bid to strengthen capital base of public sector banks (PSBs), the government has allowed 12 lenders to raise nearly Rs 3,000 crore via preferential shares over and above the Rs 22,915 crore capital support committed to them in July last year.

public sector banks

26 Apr 2016

Poor asset quality of PSBs a risk to sovereign rating: Moody's

Moody's Investors Service on Tuesday cautioned that a prolonged worsening in asset quality at PSU banks is the main threat to India's sovereign credit profile and made a case for the government bearing some of the cost of cleaning up bank balancesheets.

public sector banks

25 Apr 2016

Govt must provide more capital as PSBs can't tap markets: Moody's

Public sector banks (PSBs) will not be able to raise funds from the markets and government will have to provide capital support to them in the near term given their weak solvency position, Moody's has said.

12 Jun 2014

IOB seeks Rs 3,500 crore capital support from govt

The bank has also requested Ministry of Finance for the dilution of their shareholding in the bank.

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