Tag: recapitalisation
3 Results
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PSU bank shares suffer on recapitalisation plan
Shares of large state-run banks such as State Bank of India, Bank of Baroda and Punjab National Bank were hit by selling pressure today as many bankers and brokers felt the allocation of funds under the Rs 2.11-lakh-crore recapitalisation plan to these lenders was not up to their estimates and below their requirements of fresh …
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January 26, 2018 -
Bailout not good but banks need to be strengthened: Jaitley
Noting that the “bailout” for state-run banks through the Rs 2.12 lakh crore recapitalisation plan has turned out to be a “moral hazard” in view of the corporates’ inability to repay loans, Finance Minister Arun Jaitley on Thursday said that capital infusion is solely aimed at strengthening the banking system. He was replying to the …
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January 5, 2018 -
Recapitalisation plan fires up bank stocks up to 32%
Bank stocks were on fire today as the scrips surged up to 32 per cent after the government unveiled an unprecedented Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks. Shares of Punjab National Bank were trading with a sharp gain of 31.90 per cent, Bank of Baroda zoomed 24.17 per …
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October 25, 2017