Capitalisation of Public Sector Banks During 2013-14.

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..... Capitalisation of Public Sector Banks During 2013-14. - News and Press Release Dated:- 23-10-2013 - News - The capital infusion by the Government of India in Public Sector Banks (PSBs) is done with the twin objective of adequately meeting the credit requirement of the productive sectors of economy as well as to maintain regulatory capital adequacy ratios in PSBs. The Government of India, as the .....

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..... majority shareholder, is committed to keep all PSBs adequately capitalized. Infusion of capital by Government in PSBs is in addition to their internally generated capital to enable the banks to maintain a comfortable level of Tier-I CRAR. Towards this end, the Government of India has been infusing need based capital in PSBs. An amount of Rs.12,517 crore was infused in 13 PSBs during 2012-13. .....

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..... The Government of India has approved infusion of Rs.14,000 crore in the PSBs during Financial Year 2013-14, through preferential allotment of equity in its favour, as per the following particulars: Sl. No. Name of the Public Sector Bank Amount of capital approved for infusion by Government of India (Rs. in Crore) 1 Allahabad Bank 400 2 A .....

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..... ndhra Bank 200 3 Bank of Baroda 550 4 Bank of India 1000 5 Bank of Maharashtra 800 6 Canara Bank 500 7 Central Bank of India 1800 8 Corporation Bank 450 9 Dena Bank 700 10 IDBI Bank Ltd 1800 11 Indian O .....

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..... verseas Bank 1200 12 Oriental Bank of Commerce 150 13 Punjab and Sind Bank 100 14 Punjab National Bank 500 15 Syndicate 200 16 UCO 200 17 Union Bank of India 500 18 United Bank of India 700 19 Vijaya Bank 250 .....

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..... 20 State Bank of India 2000 TOTAL 14,000 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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