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TMI BlogCapital Infusion of PSBs by GovernmentX X X X Extracts X X X X X X X X Extracts X X X X ..... Capital Infusion of PSBs by Government - News and Press Release Dated:- 19-12-2018 - News - Government of India (GoI) announced recapitalisation of Public Sector Banks (PSBs) to the tune of ₹ 2.11 lakh crore in October 2017, through infusion of capital by the Government and raising of capital by banks from the markets. ₹ 88,139 crore was infused by the Government in PSBs during finan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cial year (FY) 2017-18 after the recapitalisation announcement and provision of ₹ 65,000 crore has been made in the budget for the current financial year for infusion. Since the recapitalisation announcement till November 2018, PSBs have been recapitalised to the tune of ₹ 1,28,861crore through infusion and mobilisation of capital from the market. Bank-wise details of capital infusion ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by the Government in FY 2017-18 and current FY 2018-19, up to 30.11.2018), are in the Annexure. The benefits that have accrued to customers, include, inter alia , the following:- increasing access to banking services from home and mobile through digital banking and enhanced customer ease, unprecedented financial inclusion, Jan Dhan programme by the Government has enabled opening of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bank accounts for millions of previously unbanked customers (about 33.46 crore such accounts have been set up as of 5.12.2018, with balance of about ₹ 84,800 crore) and allowing users to receive government subsidies (as DBT) and to access remittances, credit, insurance, and essentially being included financially, increased availability of loans upto ₹ 10 lakh to the non-corporate, n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on-farm small/micro enterprises under Pradhan Mantri MUDRA Yojana (PMMY), wherein a borrower can approach any of the lending institutions or can apply online through portal. (during FY 2017-18, 4.81 crore loans were sanctioned and in the current financial year, as on 7.12.2018, 2.81 crore loans MUDRA loans have been sanctioned, increasing lending to MSMEs through time-bound automated processing ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and transparent status-tracking, with financially and technologically strengthened banks leveraging digitalised bank statements and income-tax and GST returns and according in-principle loan sanction within 59 minutes, and meet the production credit requirements of the farmers in a timely and hassle-free manner by introducing RupayKisan Credit Card. India s global-rank for getting creit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as per World Bank s Ease of Doing Business Index, has improved from 44 in 2016 to 22 in 2018. Annexure Capital Infusion by Government Amounts in crore Rupee S. No Bank 2017-18 2018-19 (up to 30.11.2018) 1 Allahabad Bank 1,500 4,8 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 44 2 Andhra Bank 1,890 2,019 3 Bank of Baroda 5,375 - 4 Bank of India 9,232 - 5 Bank of Maharashtra 3,173 - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6 Canara Bank 4,865 - 7 Central Bank of India 5,158 2,354 8 Corporation Bank 2,187 2,555 9 Dena Bank 3,045 - 10 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IDBI Bank Limited 12,471 - 11 Indian Bank - - 12 Indian Overseas Bank 4,694 2,157 13 Oriental Bank of Commerce 3,571 - 14 Punj ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ab National Bank 5,473 8,247 15 Punjab and Sind Bank 785 - 16 Syndicate Bank 2,839 728 17 UCO Bank 6,507 - 18 Union Bank of Indi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a 4,524 - 19 United Bank of India 2,634 - 20 Vijaya Bank 1,277 - 21 State Bank of India 8,800 - Source: PSBs This was stated by Shr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... i Shiv Pratap Shukla, Minister of State for Finance in a Written Reply to a Question in Rajya Sabha. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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