The union government on recently said Indian banks will require Rs. 5 lakh crore of capital by March, 2018.
The broad level estimates of Reserve Bank of India (RBI), based on data obtained from banks, suggest that by March 31, 2018 the total regulatory capital requirements of Indian banks would be to the tune of Rs. 5 trillion (Trillion = One Lakh) of which non-equity capital will be of the order of Rs. 3.25 trillion while equity capital will be to the order of Rs.1.75 trillion, Minister of State for Finance Mr. Namo Narain Meena said in the Rajya Sabha.
The estimates also suggest that the governments contribution to the equity capital of public sector banks would be to the order of Rs. 900 billion (Rs.90,000 crore).
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