Infusion of capital in Public Sector Banks by Government of India under Indradhanush Plan
Press Information Bureau
Government of India
Ministry of Finance
18-July-2017
Infusion of capital in Public Sector Banks
Reserve Bank of India (RBI) as a regulator formulates banking policy which includes non-performing assets recognition and resolution.
The Government of India (GoI) under the Indradhanush Plan, has earmarked Rs.70,000 crores for infusion in PSBs between F.Y 2016 and 2019 as per the figures given below:
| (i) | Financial Year 2015-16 | Rs. 25,000 crore |
| (ii) | Financial Year 2016-17 | Rs. 25,000 crore |
| (iii) | Financial Year 2017-18 | Rs. 10,000 crore |
| (iv) | Financial Year 2018-19 | Rs. 10,000 crore |
| Total | Rs. 70,000 crore |
The Government has already infused a sum of Rs.47,915 crore to PSBs during 2015-16 and 2016-17 based on quantitative analysis of growth and compliance levels.
This was stated by Shri Santosh Kumar Gangwar, Minister of State for Finance in written reply to a question in Rajya Sabha today.
*****
DSM/SBS/KA
It can never be the object of assessment proceedings to find an empirically, absolutely correct solution on every fact issue…
Penalty u/s 270A deleted as assesse filed revised computation during scrutiny correcting the mistake which was noticed only after the…
Penalty u/s 271B for unfilled column 40 in Form 3CD related to details regarding turnover, gross profit etc. for previous…
Merely rectifying computation without amending assessment order without notice to assessee does not nullify the entire assessment - ITAT In…
Once assessee discharges primary onus of providing basic documents in support of the identity, genuineness and the creditworthiness it shifts…
CBDT has notified Cost Inflation Index for Financial Year / Tax Year 2026-27 CBDT has notified "384" as Cost Inflation…