PSBs get Rs2.76L-cr capital infusion
Scheduled commercial banks wrote-off Rs10.09 lakh cr during last 5 financial yrs
image for illustrative purpose
New Delhi: Capital amounting to Rs2,76,043 crore infused in public-sector banks (PSBs) since FY2017-18, has been funded through recapitalisation of bonds issued by the Central government and subscribed by the recapitalised banks for the full amount of capital infused.
According to information provided by the Union Ministry of Finance in a written reply in Lok Sabha on Monday, capital is infused by the Centre in PSBs from time to time to supplement their efforts to meet capital requirement.
As per Reserve Bank of India (RBI) guidelines and policy approved by banks' boards, non-performing assets (NPAs), including, those in respect of which full provisioning has been made on completion of four years, are removed from the balance-sheet of the bank concerned by way of write-off.
