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Tuesday, August 16, 2022

bank recapitalisation

BANK RECAPITALISATION NEWS

Indian Overseas Bank shares surge 14 per cent on fresh capital infusion of Rs 4,360 crore

December 27, 2019 5:00 pm

In a filing to the stock exchanges on Friday, IOB said that the Government of India sanctioned the release of Rs 4,360 crore towards its investment in the preferential allotment of equity shares (Special Securities/Bonds) of the bonk during the financial year 2019-20.

Allahabad Bank shares jump 11 per cent on fresh capital infusion of Rs 2,153 crore

December 27, 2019 5:11 pm

The capital infusion comes ahead of Allahabad bank's amalgamation with Indian Bank.

Govt announces Rs 48,239 crore recapitalisation plan for 12 public sector banks

February 20, 2019 5:06 pm

Financial Services Secretary Rajiv Kumar said the government will infuse Rs 9,086 crore in Corporation Bank and Rs 6,896 crore in Allahabad Bank -- the two "better-performing" banks under the Prompt Corrective Action.

Recapitalisation of banks: Public sector banks planning to sell stake in subsidiaries

February 12, 2018 7:14 am

The government had asked the lenders to have board-approved policies on monetising their non-core assets, sale of vacant real estate and “exit from all strategic equity investment” in unrelated businesses.

Cut loans to firms, focus on retail: Govt to smaller banks

January 27, 2018 6:53 am

Boards must approve policies on monetising non-core assets

Recap and reform

December 19, 2018 8:51 pm

After recapitalisation, government should hasten on a linked reform: Improving governance standards in PSBs

Larger PSU banks to get bigger pie of recapitalisation bonds, says Fitch

January 10, 2018 5:26 pm

The Lok Sabha last week gave its approval for Rs 80,000 crore recapitalisation bonds for strengthening public sector banks

Part of recapitalisation plan: Govt to infuse Rs 7,577 crore into six weak public sector banks

January 04, 2018 1:31 am

Govt advanced release of funds to these banks to help them meet their equity requirements and enable them to resume normal business.

Capital infusion: Prepping strong banks to acquire the weak

October 31, 2017 7:30 am

Well capitalised banks can better absorb weak ones and can also speed up NPA resolution as they will have resources to write down potential losses.

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