E-PaperInfusion News
Irdai considering capital infusion options for insurers
This, if the RBI follows through on its informal proposal for banks to pare their stakes in insurance companies to 30%A bank can hold up to 50% in an insurance JV in the normal course of business, as per current norms
3 min read27 Dec 2019Allahabad Bank, IOB, UCO to get ₹8,655 crore for preferential allotment
The govt has approved infusing fresh capital amounting to ₹2,153 crore in Allahabad Bank, ₹2,142 crore in UCO Bank and ₹4,630 crore in IOB via for preferential allotment of sharesFresh capital infusion by the govt is a part of the announcement made by FM Sitharaman, in her maiden Budget on 5 July
1 min read27 Dec 2019₹70,000 crore PSB infusion to push loan growth by 15%: Moody's
Moody's says the capital infusion into the public sector banks will improve the bank's capitalisation and help them calibrate their balance sheet growthThe upfront capital infusion will also allow PSBs to meet the final Basel III requirements
1 min read26 Aug 2019Liquidity taps opened for banks and NBFCs
Banks will also issue an improved policy for one-time settlements to benefit MSMEs and retail borrowersPSBs to ensure mandated return of loan documents within 15 days of loan closure
3 min read24 Aug 2019Govt infused over ₹3.15 trillion into PSBs between FY09 and FY19
During FY09 to FY19, PSBs also mobilised ₹2,81,616 crore of capital through sources other than govt, and posted a net profit of ₹98,373 croreAs per RBI guidelines, banks in India are required to maintain a minimum capital to risk-weighted assets ratio (CRAR) of 9%
1 min read8 Jul 2019RIL to infuse another ₹20,000 crore into Jio
Jio will issue 4 billion non-cumulative optionally convertible preference shares to its parent at ₹50 eachThe funds will help fuel Jio’s broadband, e-commerce play
2 min read18 Jun 2019No capital need from government, says SBI chief Rajnish Kumar
Rajnish Kumar after meeting with Finance Minister for pre-Budget consultations said the SBI doesn't need any capital from the govtIn March this year, SBI raised ₹1,251 crore in bonds to boost its additional tier 1 capital ratio while its board has extended the deadline to raise ₹20,000 crore till March next year
2 min read13 Jun 2019RBI to pump in ₹15,000 crore liquidity through OMO on Thursday
RBI said there is an overall aggregate ceiling of ₹15,000 crore for all the securities in the basket put togetherThe participants have to submit their offers in electronic format on the RBI Core Banking Solution (E-Kuber) system
1 min read12 Jun 2019FPIs infuse ₹9,031 crore in Indian capital markets in May
FPIs infuse a net sum of ₹7,919.73 cr into equities and ₹1,111.42 cr in the debt market during 2-31 May, taking the cumulative net investment to ₹9,031.15 crInterestingly, FPIs were net sellers for the 1st 3 weeks of May, but the tide turned just ahead of the announcement of election results
1 min read2 Jun 2019Vistara promoters infuse more than ₹4,000 crore over 12 months
The money will be used to augment Vistara’s fleet, increase routes globally and attain earlier break-evenThe ₹4,000-cr-plus infusion is the largest Vistara has received in a year since it started flying in 2015
4 min read26 May 2019Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared