The government can infuse a capital of Rs 11,336 crores in 5 PSU banks, including fraud-affected PNB.
हिंदी में पड़ने के लिए यहाँ क्लिक करे :- 5 PSU बैंकों में 11336 करोड़ रु का कैपिटल इनफ्यूजन कर सकती है सरकार, PNB को मिलेंगे सबसे ज्यादा
The Government can infuse a capital of Rs 11,336 crores in 5 public sectors (PSU) banks, including the Fraud-affected Punjab National Bank (PNB). According to the News Agency Cogenesis, a senior finance ministry official said that PNB has the highest incidence of capital infusion of Rs 2816 crore.
Capital Infusion plans in 5 banks
Besides the PNB, the government has plans to put Rs 1,790 crore in Allahabad Bank, 2,019 crores in Andhra Bank, Rs 2,555 crore in Corporation Bank and Rs 2,156 crore in an overseas bank. This capital infusion of the government will help banks meet the requirements of regulatory capital.
Bondholders are under pressure due to interest payments
Sources said some of these banks are under heavy pressure due to the interest payments to bondholders of their Additional Tier 1 (AT-1) bonds. Consequently, they have to undergo the risk of violating regulatory capital requirements. He said that in such a way, the Ministry has decided to provide capital to 4-5 banks, who are going through 'real hardship'.
More interest to be paid on bonds
Banks raise capital through AT1 bonds, which are for long periods and therefore they have to pay higher interest to the investors. The increase in heavy bad loans and losses has made banks difficult to servicing these bonds with their earnings. Sources said capital infusion can be done in these five banks by the next week or next week. This capital infusion will be part of the remaining Rs.65,000 crores in a capital infusion of 2.11 lakh crores for two financial years.
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