"State Bank of India will get Rs 8,800 crore, Rs 3,571 crore for Oriental Bank of Commerce, Rs 3,045 billion for Dena Bank, Rs 5,158 crore for Central Bank of India, Rs 4,694 billion for Indian Overseas Bank, Rs 9,232 billion for Bank of India", banking secretary Rajeev Kumar said addressing the media.
Among gainers, only IDBI Bank and Bank of India, the two banks that received the most capital, were trading in green, rallying up to 3 per cent on the NSE.
The report suggests that Health Minister JP Nadda had written to Finance Minister Arun Jaitley to enhance this year's Budget allocation on public health by whopping 33 per cent to $10 billion on grounds that the government needed to expand vaccination programmes and free drugs distribution system in the country. The funds will help PSBs meet the regulatory capital ratios under Basel III regulations.
The bank recapitalisationplan revealed yesterday would focus "sharply" on increasing bank lending to the micro, small and medium enterprise (MSME) sector, Ministry of Finance has said. The government has specifically asked the banks to use much of the recap funds for lending to the SME sector.
Analysts had said mandating reforms would be critical to prevent banks from engaging in the same indiscriminate lending that led to the current problems. However, the government, which aims to boost economic growth through investment in roads and other infrastructure avenues, is bound tighten allocation for other sectors considering sluggish growth and dip in revenue generation. "The original decision stands, it has not been reconsidered but then there is always a time in implementing the decision", Jaitley had told mediapersons while unveiling banking sector reforms on January 24.
He said, every deposits of the people in banks are safe as banks are the article of faith.
It said the average core capitalisation for the state banks would be likely to reflect a cumulative increase of around 140 basis points.
The government will issue recapitalisation bonds of 6-10 years maturity.
"There is no fiscal impact of bond issuance to banks", Mr. Garg said.
Top lender State Bank of India will get 88 billion rupees, while second-biggest state-run lender Punjab National Bank will get 54.73 billion.
Among banks now under the PCA, UCO Bank will get Rs 6,507 crore, Central Bank of India Rs 5,158 crore, Indian Overseas Bank Rs 4,694 crore, Oriental Bank of Commerce Rs 3,571 crore, Dena Bank Rs 3,045 crore, Bank of Maharashtra Rs 3,173 crore, United Bank of India Rs 2,634 crore, Corporation Bank Rs 2,187 crore and Allahabad Bank Rs 1,500 crore.
She was reportedly planning to attend to support President Donald Trump , who is scheduled to make an address on Friday. Some analysts are comparing Trump's large roster to that of Chinese President Xi Jinping at last year's forum.
Raisman is among several Olympic gymnasts who have come forward with their harrowing stories of abuse under Nassar's reign. Following testimonies against Larry Nassar , three top board members of the Olympic USA Gymnastics team have resigned.
The National Parks Conservation Association estimated that about one-third of the 417 national park sites were shuttered. Dennis Daugaard has said he would not take any action to keep the monument open during a shutdown.
Only 3 foreigners (Lionel Messi, Daniel Alves, and Phillip Cocu) have played more games for Barcelona than Mascherano . It happens this Thursday night when Barça hosts Espanyol in the Copa del Rey quarterfinal return leg.
Former military commander Sisi was elected in 2014, a year after he led the army to oust Islamist President Mohamed Mursi. He was convicted , and if that ruling is upheld on appeal he will be ineligible to run.
It explores the effects of gender and sex in society, and was one of the first major feminist science fiction books. A family statement posted Tuesday on Le Guin's verified Twitter account says she passed away peacefully on Monday.
They said they created the T-shirt for all the new Hayden and Claudia fans who think his search was the most romantic thing ever. He took matters into his own hands and decided he was going to email every single person named Claudia that goes to MSU.
The upright long-term friendship between Vietnam and India has been nurtured by generations of leaders and people. The Minister also expressed hope of deeper trade and investment relations between India and ASEAN countries.
Taebel, who has a California driver's license, has an extensive criminal record in several states, authorities said. Bystanders then began pointing at the man, and the troopers pounced on him, forcing him to the ground.
Wooten said it's still not too late to get vaccinated for protection against the flu this season, which can extend into April. Dogs diagnosed with the flu must be kept away from other dogs for at least 21 days to keep it from spreading.
Many believed the original TPP had suffered a fatal blow when Trump pulled out of the deal in his first week as president. Prime Minister Jacinda Ardern said the new agreement was a "damned sight better" than what was previously offered.
The NBA gives an assist to sports betting push
Crucially it makes no explicit mention of state casinos wanting to authorise sports betting or any mention of online betting. So, the one percent " integrity fee " would amount to as much as 29 percent of revenue, according to the lobbying group.
Acer's New Chromebook Spin 11 Features A 360-Degree Hinge
Plus, customers can stand it up in display mode to get closer to the screen, or use it in tent-mode for small spaces. It's also well connected with a brace of USB Type-C ports, two USB 3.0 connections, and a microSD card reader.
Google Audiobooks Launches in 45 Countries
The Audiobooks section on Google Play is live right now, and you can avail a 50% discount on your first book. The company is rolling out on Play and the Google Play Books app works with both Android and iOS.
Apple Backports Meltdown Patch to Older macOS Versions
These are created to tackle vulnerabilities with Meltdown and Spectre on older MacBooks that use macOS Sierra and OS X El Captain. Additionally, Apple has also macOS High Sierra version 10.13.3 that focuses on security, stability, and bug fixes.
India loses Series but they have Wanderers
We are all expecting some rain at least on the first two days, so the pacers may get to dictate this game. On the eve of the final Test, Virat Kohli spoke on different lines.
NBA All-Star Game: Reserves announced for Los Angeles
Simmons, who would have become the first Australian selected as an All-Star, was in good company in being snubbed on Tuesday. While some of these reserves may feel like they should've been starting, all that matters is that they're an All-Star.