Govt. permits 12 PSU banks to raise Rs 3,000 cr. from market

Source: The Hindu

  1. In a bid to strengthen capital base of public sector banks (PSBs), the government has allowed 12 lenders to raise nearly ` 3,000 crore via preferential shares over and above the Rs 22,915 crore capital support committed to them in July last year.
  1. The Finance Ministry granted approval to 12 proposals of PSBs to raise a sum of Rs2,914.038 crore through preferential allotment and permission given to raise  Rs 200 crore by United Bank of India through QIP mode.
  1. The government had already infused a sum of Rs 25,000 crore in 19 PSBs during FY 2015—16.
  2. Zero balance accounts has been reduced to 23.86 per cent.
  1. Aadhaar seeding has been done in 14.43 crore account under PMJDY, while 99.9 per cent households out of the 21.22 crore households surveyed have been covered under PMJDY.
  1. As on December 23, 2016, out of total requirement of 1, 27,198 fixed location ‘bank Mitra’ in sub service areas (SSAs), 1, 26,985 ‘bank Mitra’ have been deployed by banks.
  1. Out of 1,712 claims lodged, 1,626 claims have been disposed of under accidental insurance cover of `1 lakh under RuPay debit card.
Print Friendly, PDF & Email
Current Affairs ONLY
Register New Account
Reset Password