"The capital infusion for the PSBs would be contingent on performance, and the whole-time directors of the PSBs would be assigned theme-wise reforms to oversee", Financial Services Secretary Rajiv Kumar said, while making a presentation about the reforms agenda.
The government will ensure disbursement of 1 lakh crore rupees to PSU banks by march this year.
He said that the Public Sector Banks (PSBs) will get Rs 88,000 crore infusion from the Government, but they have to become more responsible as per the norms laid down by for them.
Large, relatively better positioned banks which are most capable of supporting growth, would receive a greater share of this first capital tranche, leading to a varying impact on capitalisation across banks, it said. "Our role really is not only to find a solution but also to create an institutional mechanism to make sure that what happened in the past is not repeated", Jaitley said.
"This injection should help IDBI Bank to meet its regulatory requirement and clean up its balance sheet significantly". The recap plan for banks: SBI to get Rs 8,800 crore; OBC - Rs 3,571 crore; Dena Bank - Rs 3,045 crore; Central Bank - Rs 5,158 crore; IOB - Rs 4,694 crore; BoI - Rs 9,232 crore; UCO - Rs 6,507 crore.
ChaiOS "Text Bomb" Crashes iMessage App on macOS and iOS Since this exploit relies on automatic link previews, typical security advice - don't click on random links - doesn't apply. He said he'd reported the bug to Apple the previous day, he told BuzzFeed , but had not heard anything from the company.
Also, the additional capital buffers will enhance the banks' ability to raise equity capital. The bank has a huge amount of bad debt and dipped into its capital conservation buffer (CCB) a year ago. "The original decision stands, it has not been reconsidered but then there is always a time in implementing the decision", Jaitley said. "As discussed earlier this recapitalisation will be front loaded depending on the performance and merit of the PSB", said Kumar. "In one case we are thinking of reducing the government stake to 49 per cent, IDBI Bank", he had said.
Calling public sector banks an "article of faith", the Finance Ministry on Wednesday reassured depositors that their money in these banks is safe and no state-owned bank would fail.
Global brokerage Nomura, however, noted that the capital infusion appears adequate for weaker banks, but it may lead to dilution risk. The bonds will not have Statutory Liquidity Ratio (SLR) and a tenure of 10 to 15 years. "There is not going to be a public issue".
Among banks now under the PCA, UCO Bank will get Rs 6,507 crore, Central Bank of India Rs 5,158 crore, Indian Overseas Bank Rs 4,694 crore, Oriental Bank of Commerce Rs 3,571 crore, Dena Bank Rs 3,045 crore, Bank of Maharashtra Rs 3,173 crore, United Bank of India Rs 2,634 crore, Corporation Bank Rs 2,187 crore and Allahabad Bank Rs 1,500 crore.
It said they agreed that the process " would be completed preferably within two years from the commencement of repatriation". At least 9,000 Rohingya were killed in Rakhine state from August 25 to September 24, according to Doctors Without Borders.
Garcia subdued Carina Witthoft 6-3, 7-5, while Pliskova had little trouble in dismantling Paraguayan Veronica Cepede6-4, 6-3. On the men's side, Sam Querrey was ousted after losing, 6-4, 7-6 (6), 4-6, 6-2, to the 80th-ranked Marton Fucsovics.
The UN says it is deeply concerned by the fighting, and has warned that an estimated 323,000 civilians in Afrin are at risk. It was not immediately clear which issues would be addressed but Turkish-American relations have been strained.
We'll be in the mid to upper 40s on Wednesday and on Thursday , we'll climb to the mid 50s once again with mostly sunny skies. Glaze from the ice storm affected 70 percent of the state, and was accompanied by high wind, causing power outages.
Lebanon has banned the new Steven Spielberg film The Post because of his links to Israel, Hollywood sources say. Free speech advocates in Lebanon noted the irony of banning a movie whose plot promotes press freedoms.
Rocket Lab now has five Electron vehicles in production, with the next launch expected to take place in early 2018. The company has become the second in the world to have put something in orbit, and New Zealand the 11th nation.
A tool that indicates how well a page performs on the Chrome UX Report and suggests performance optimizations. By April of previous year , Google News started giving priority to news articles published on AMP sites.
In 2013, when the government shut down for 16 days, several thousand federal employees in the Washington area were furloughed . After previous government shutdowns, Congress passed measures to ensure that all unpaid workers received retroactive pay.
During his time in Major League Baseball , he won the Cy Young Award twice and pitched a no-hitter in the 2010 playoffs. He went on to pitch a no-hitter against the Cincinnati Reds in the 2010 divisional series.
Despite introducing the option, Cook has advised iPhone owners not to turn off the throttling feature when the update is released. Last week two beta updates were rolled out, and this fast pace may indicate that iOS 11.2.5 is nearly ready for prime time.
This means users can now download and listen to them on the Play Books app or by asking the Google Assistant to read it for them. While Apple has a stronghold on their App store and doesn't approve apps so easily, Google is much more lenient in this regard.
Facebook has also begun removing some Tide Pod Challenge content, including posts on Instagram (owned by Facebook). Doctors and Procter & Gamble, Tide's parent company, have pleaded with parents to make sure teens do not do this.
AT&T is working with Huawei in at least two different areas, the first of which is on standards for AT&T's planned 5G network. Texas representative Mike Conaway (R-TX 11th District) proposed a bill last week called the Defending U.S.
According to investigators, Imran's mother also helped them apprehend the suspect who did not struggle much and testified easily. The incident blew the lid on the horrifying reality of how children in a brutalized society are vulnerable to sexual abuse.
The GOP bill dramatically slashes the corporate tax rate to 21 percent from 35 percent and it will be permanent. Cutting corporate taxes will not bring those jobs back and will not lead to higher wages for American workers.
As Spain's legal system wrestled over arresting Puigdemont, the ousted leader's name was put forward as a candidate for president. Puigdemont is being investigated by Spain over a unilateral declaration of independence by Catalonia's parliament on October 27.
Nearly half the 2 million civilian federal workers will be barred from doing their jobs if the shutdown extends into Monday. Governor Cuomo reached a deal with the Interior Department to have the state pay $65,000 a day to keep them open.
Current upswing in the global economy "furnishes an ideal moment to act on a range of multilateral challenges", Obstfeld said. The IMF retained its forecast for India's growth rate at 7.4% of its Gross Domestic Product in 2018 and 7.8% in 2019.
Protesters claim the film falsely depicts a romance between 14th-century Hindu queen Padmavati and Muslim ruler Alauddin Khilji. The apex court also restrained other states from issuing any such notification or order banning the screening of the movie.
But Trump's overall health "is excellent" and he did "exceedingly well" on cognitive screening, Jackson said. Information for this article was contributed by Laura Litvan, Anna Edgerton, Jack Fitzpatrick Steven T.