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