Recapitalization

While the national bank employee unions' threat to go on strike only added to the panic, PM Modi and Finance Minister Arun Jaitley quickly came forward to reassure the people that they will “never put their hard-earned money at risk”.

Budget 2016: Secys confident of bank consolidation, achieving divestment tgt

The Union Budget 2016 presented today had two areas that analysts had a bone to pick with: the continuation of the bank recapitalization target at Rs 25,000 crore and the lofty aim of divesting government stakes Rs 56,000 crore.

Budget 2016: Financial prudence is the name of game, says Deepak Parekh

While there is disappointment over lowered amount for recapitalization for public sector banks (PSBs) at Rs 25,000 crore, Deepak Parekh, Chairman of HDFC says that there no reason to be disappointed.

RBI's Rajan explains why the pain in banking sector now is good

Reserve Bank governor Raghuram Rajan said the government has indicated it will support public sector banks. "Finance Minister Arun Jaitley has indicated he will support the public sector banks with capital infusions as needed. Our estimate is that the government support that has been indicated will suffice."

'I will buy PSU banks when higher recap number is announced'

UR Bhat of Dalton Capital says a turn in the investment economy -- likely a few quarters away -- and higher recapitalization figure is what the market needs for bank stocks to become ripe purchases.

Govt announces seven-step plan to reinvigorate state banks

The government today outlined a seven-step programme for the country's struggling public sector banks, which aims to infuse fresh capital and make a number of changes that would give them greater freedom to operate as commercial entities.

‘Can expect market correction of maybe 5-6%‘

It is not close to the ‘Visionary document‘ that people have been talking about. Overall, I would still say it is well balanced one.

SpiceJet CCI nod seen this week; cap infusion ex post facto

The plans to recapitalise and revive SpiceJet may have been finalized as far as prospective new promoters are concerned but crucial approvals are yet to come in. Sindhu Bhattacharya and Areeb Sherwani report that white knight Ajay Singh hopes antitrust regulator Competition Commission of India will wave the green flag before the week is out.

Marans capable of funding SpiceJet deficiencies: Ajay Singh

SpiceJet former director Ajay Singh says the aviation company must focus on profitable routes, get back to the low-cost model and work hard to bring costs down.

Will be profitable by 2015; CFO on personal leave: SpiceJet

Sanjiv Kapoor, chief operating officer, SpiceJet says the company is looking for ways to recapitalize the low-cost carrier.

Capital infusion won't help PSU banks; stay away: IDBI Cap

Even the Rs 14,000 crore earmarked by the government for capital infusion into banks may not help solve issues now, says Jignesh Shial, IDBI Capital Markets. He does not advocate buying PSUs only on the basis of recapitalisation.

Budget 2013-14: Bank recapitalisation of Rs 15,000-18,000 cr expected

We are expecting recapitalization of PSU banks (Rs15,000 -18,000 crore) mostly in the form of tier- I capital. During FY13, GOI had budgeted Rs.120 bn to be infused into PSU banks including SBI.

The issue now is credit crunch in China: Societe Generale

The French market regulator has announced that more than 15 banks in the country will need recapitalization. Todd Martin of Societe Generale joins CNBC-TV18 to give his take on the near-bankruptcy situation in Europe. He says that the issue in Asian context is the credit crunch in China.

Govt to provide Rs 6000cr for PSU bank recapitalisation

The Government is proposed to provide Rs 6000 crore for PSU bank recapitalization.