Public sector banks to raise Rs 25,000 crore by April: Finance Secretary
RBI Governor Shaktikanta Das has been advising banks to proactively raise capital and not wait for a difficult situation to arise due to the ongoing COVID-19 crisis
PTI | December 21, 2020 | Updated 00:44 IST
Public sector banks (PSBs) are planning to raise about Rs 25,000 crore through a mix of equity and debt in the next three months to support credit pick up and meet regulatory requirements. In the last few months lenders including State Bank of India, Canara Bank, and Punjab National Bank (PNB) have raised about Rs 40,000 crore from the market, Financial Services Secretary Debasish Panda told in an interview.
Public sector banks to raise Rs 25,000 crore in next three months
PTI
New Delhi |
Updated on
December 20, 2020
× Public sector banks (PSBs) are planning to raise about ₹25,000 crore through a mix of equity and debt in the next three months to support credit pick up and meet regulatory requirement.
In the last few months lenders including State Bank of India, Canara Bank and Punjab National Bank (PNB) have raised about ₹40,000 crore from the market, Financial Services Secretary Debasish Panda told
PTI in an interview. “Banks have been able to raise a lot of money from the markets. About ₹40,000 crore have been raised by the public sector banks both in the form equity and also AT1 and Tier-II bonds. We will expect another ₹20,000-25,000 crore during the remaining part of the financial year,” he said.
Public sector banks (PSBs) are planning to raise about Rs 25,000 crore through a mix of equity and debt in the next three months to support credit pick up and meet regulatory requirement. In the last few months lenders including State Bank of India, Canara Bank and Punjab National Bank (PNB) have raised about Rs 40,000 crore from the market, Financial Services Secretary Debasish Panda told PTI in an interview. Banks have been able to raise a lot of money from the markets. About Rs 40,000 crores have been raised by the public sector banks both in the form equity and also AT1 and Tier II bonds. We will expect another 20,000-25,000 during the remaining part of the financial year, he said.
Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
Track the industry of your choice with a daily newsletter specific to that industry.
Stay on top of your investments. Track stock prices in your portfolio.
NOTE :
This product is a monthly auto renewal product.
Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.
Budget 2021 | FSDC deliberates on measures to accelerate growth momentum
Updated:
Updated:
Share Article
AAA
Union Finance Minister Nirmala Sitharaman during a pre-budget meeting with finance and capital market sector expers, at North Block in New Delhi on December 15, 2020.
| Photo Credit:
PTI The high-level FSDC headed by Finance Minister Nirmala Sitharaman on December 15 discussed the additional measures that could be taken by the government in the next Budget to accelerate growth while maintaining financial stability.
The meeting, which was also virtually attended by Minister of State for Finance and Corporate Affairs Anurag Singh Thakur, noted that there is a need to keep a continuous vigil by the government and all regulators on the financial conditions that could expose financial vulnerabilities in the medium and long-term.