PSBs sufficiently capitalised
Govt infused Rs3 lakh cr between 2017-18 and 2021-22: MoS for Finance Bhagwat K Karad
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New Delhi: The government has infused capital amounting to Rs2,86,043 crore in public sector banks (PSBs) during the last five years and they are sufficiently capitalised, Parliament was informed on Tuesday.
The government infused about Rs 3 lakh crore between 2017-18 and 2021-22. As per inputs received from Reserve Bank of India (RBI), Capital to Risk-weighted Assets Ratio (CRAR) of PSBs has improved substantially over the past three years, increasing from 12.20 per cent at the end of 2018-19 to 14.34 per cent as on December 31, 2021, Minister of State for Finance Bhagwat K Karad said in a written reply to the Rajya Sabha.
"As reflected in their capital position as on December 31, 2021, PSBs are currently sufficiently capitalised," he said. With regard to General Insurance Corporation of India (GIC), Karad said, no proposal to privatise GIC is under consideration of the government at present. "Further, as per inputs received, total assets outstanding as on 31.3.2021 were Rs 38.04 lakh crore and Rs 1.35 lakh crore for LIC and GIC, respectively," he said.
