Rajeev Chandrasekhar's official website - Member of Parliament

 

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF FINANCIAL SERVICES

RAJYASABHA

UNSTARRED QUESTION NO.2982

TO BE ANSWERED ON THE 30TH AUGUST, 2011 I BHADRAPADA 8, 1933 (SAKA)

CAPITAL INFUSION IN PSBS

 

2982: SHRI RAJEEV CHANDRASEKHAR:

 

Will the Minister of FINANCE be pleased to state: -

(a) whether it is a fact that Government has put in place an action plan for infusing capital in Public  Sector Banks (PSBs) as part of a recapitalization package; and

(b) If so, the details of the banks which have been provided with capital so far bank-wise, sector wise?

 

 

ANSWER

THE MINISTER OF STATE IN THE MINISTRY OF FINANCE

(SHRI NAMO NARAIN MEENA)

(a) & (b): Pursuant to Budget Announcement for the year 2010-11 to ensure that the Public Sector Banks (PSBs) are able to attain a minimum 8% Tier- I Capital by 31st March, 2011 and also pursuant to Union Cabinet decision dated 1.12.2010 to raise Government of India holding in all PSBs to 58%, Government has infused capital in the following PSBs during the financial year 2010-11 as under –

(Amount- Rupees in crore)

Name of the Bank

Amount

Mode of investment

UCO Bank

673.00

PNCPS *

Central Bank of India

250.00

PNCPS

United Bank of India

250.00

PNCPS

Viiaya Bank

700 .00

PNCPS

Bank of Maharashtra

588.00

 PNCPS

Union Bank of India

111 .00

 PNCPS

lDBI Bank Ltd.

3,119.04

Preferential allotment of equity

Central Bank of India

2,003.19

Rights Issue of equity shares

Allahabad Bank

292.00

Preferential allotment of equity

Allahabad Bank (Plan)

378.00

--do--

Andhra Bank

618 .00

--do--

Andhra Bank (Plan)

555.00

--do--

Bank of India

1,010.00

--do--

Bank of Maharashtra

352.00

--do--

Corporation Bank

309.00

--do--

Dena Bank

539.00

--do--

Indian Overseas Bank

1,054.00

--do--

Syndicate Bank

633.00

--do--

UCO Bank

940.00

--do--

United Bank of India

308.00

--do--

Viaya Bank

368.00

--do--

Bank of Baroda (Plan)

2,461 .00

--do--

Oriental Bank of Commerce (Plan)

1,740.00

--do--

Puniab National Bank (Plan)

184 .00

--do--

Union Bank of India (Plan)

682 .00

--do--

Total

20,117.23

*Perpetual Non-Cumulative Preference Shares