{"id":29189,"date":"2018-10-24T17:30:01","date_gmt":"2018-10-24T12:00:01","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=29189"},"modified":"2018-10-24T17:30:01","modified_gmt":"2018-10-24T12:00:01","slug":"capital-remaining-for-banks-is-sufficient-govt","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/capital-remaining-for-banks-is-sufficient-govt\/","title":{"rendered":"Capital remaining for banks is \u2018sufficient\u2019: Govt."},"content":{"rendered":"<p><strong>Capital remaining for banks is \u2018sufficient\u2019: Govt.<\/strong><\/p>\n<p>News:<\/p>\n<ol>\n<li>The government has indicated that it may not increase the capital allocation to public sector banks.<\/li>\n<\/ol>\n<p>Important Facts:<\/p>\n<ol>\n<li>Public sector banks has witness huge loss in the fourth quarter of 2017-18.<\/li>\n<li>The government will not increase the capital allocation beyond the already sanction amount in budget 2017-18.<\/li>\n<li>The government had announced a \u20b92.11 lakh crore capitalisation plan for the public sector banks for two years, including \u20b91.35 lakh crore via recapitalisation bonds in the previous year.<\/li>\n<li>The stricter norms on bad loans has resulted in loss by banks last quarter<\/li>\n<\/ol>\n<ul>\n<li>State Bank of India\u00a0 reported a loss of \u20b97,718 crore<\/li>\n<li>Punjab National Bank\u00a0 reported a loss of \u20b913,400 crore<\/li>\n<\/ul>\n<ol>\n<li>The Finance Ministry is planning to rate public sector banks based on their performance from the next financial year and will make the rating available on public domain.<\/li>\n<li>With regard to the vacant post of CEO in three public sector banks, Bank Board Bureau has stared the process of selecting the candidates.<\/li>\n<li>The Finance Ministry directed all the banks who were facing restrictions under the prompt corrective action framework of RBI to come out with a specific plan for the future including:<\/li>\n<\/ol>\n<ul>\n<li>Business strategy of bank<\/li>\n<li>The Sale of non-core assets<\/li>\n<li>Capital requirement.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Capital remaining for banks is \u2018sufficient\u2019: Govt. News: The government has indicated that it may not increase the capital allocation to public sector banks. Important Facts: Public sector banks has witness huge loss in the fourth quarter of 2017-18. The government will not increase the capital allocation beyond the already sanction amount in budget 2017-18.&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/capital-remaining-for-banks-is-sufficient-govt\/\">Continue reading <span class=\"screen-reader-text\">Capital remaining for banks is \u2018sufficient\u2019: Govt.<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-29189","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704822806},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/29189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=29189"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/29189\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=29189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=29189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=29189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}