PSU Banks likely to get capital support in Q4 to meet regulatory requirements

The government in the Budget 2021-22 has made an allocation of Rs 20,000 crore for the capital infusion in the state-owed banks and likely to pump capital in public sector banks during the last quarter of the current financial year to meet the regulatory requirements.

The capital position of the banks would be reviewed in the next quarter, and depending on the requirement, the infusion will be made to meet the regulatory needs.

Last month, The Reserve Bank removed UCO Bank and Indian Overseas Bank from prompt corrective action framework (PCAF), following improvement in various parameters and a written commitment that the state-owned lender will comply with the minimum capital norms.

However, the only public sector money lender left under the PCA framework is central bank of India.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this:
search previous next tag category expand menu location phone mail time cart zoom edit close