"The entire objective of this exercise has been that it is government's prime responsibility to keep PSBs in good health", Jaitley said.
"With the bulk of recapitalisation funds going to the banks in the PCA category, PSB heavy weights quickly let go off the recent gains, putting pressure on market sentiment", said Anand James, Chief Market Strategist, Geojit Financial Services Ltd. The government has made a decision to give Rs 8,800 crore to the SBI, Rs 5,375 crore to Bank fo Baroda, Rs 4,865 crore to Canara Bank and Rs 4,524 crore to Union Bank among various other PSBs.
In October last year, the government had announced over two lakh crore rupees bank recapitalization plan spread over spread over two financial years 2017-18 and 2018-19. Numerous banks that are receiving huge capital infusion this round are exposed to companies in bankruptcy proceedings.
Finance minister Arun Jaitley said steps need to be taken to ensure that the governance of banks follows the highest standards.
"While PCA banks have got a sizeable amount under the recapitalisation, few banks which are relatively better off have also got funds which should improve their balance sheets and allow them to raise further capital from the markets; and that could drive the next leg of growth for them", he said.
The capital infusion "should help in part to mitigate the risks that Indian state banks face on account of weak asset quality and poor earnings", Fitch said.
Mr. Kumar also said the recapitalisation package would follow a differentiated approach for banks that have been assigned for prompt corrective action (PCA) and those that have not. Banks had until March 2017 to clean up their books to be eligible for capital infusions. It said the recapitalisation would be dependent on performance and reforms. "Small banks could do well in the near term, given the quantum of capital; however, returning to normalised return on equity will probably take a long time", the report warns. These bonds will be non-tradable and not carry the status of an SLR (Statutory Liquidity Ratio) security, Economic Affairs Secretary Subhash Chandra Garg said.
The government will issue recapitalisation bonds of 10-15 years maturity, carrying interest rate of around 8 per cent or lower. "There is no fiscal impact of bond issuance to banks..."
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.
Mr Puigdemont has been exiled in Belgium since his failed bid to declare Catalonia independent from Spain three months ago. Spanish laws make it easier for someone in detention than for someone who is overseas to be granted a parliamentary proxy.
A possible trigger is a faster-than-expected increase in advanced economy core inflation and interest rates as demand accelerates. Current upswing in the global economy "furnishes an ideal moment to act on a range of multilateral challenges", Obstfeld said.
Halladay, known as "Doc", pitched four seasons with the Phillies before retiring after injuries cut short his 2013 season. It notes that morphine can sometimes appear in the system as a result of heroin use, according to TMZ sports.
Amazon-owned Audible, the top provider of audiobooks, has not been supported on Home and other speakers with Google Assistant . Right now, there's no integration between the Google Home and Amazon's Audible and Google's audiobooks won't play on the Echo.
As the church has a limited capacity of only 200 places, attendance is strictly reserved for extended family and close friends. On Monday her body will be removed to Ballybricken, ahead of funeral mass on Tuesday at St Ailbe's Church.
The mid 50s are in store on Friday as well, but Friday could get windy along with a chance for a few evening showers. By the afternoon the skies will have brightened and apart from scattered showers the weather will be generally dry.
On the men's side, No. 13 Sam Querrey restored some order for the US with a 6-3, 6-4, 6-2 win over Feliciano Lopez. Kerber and Sharapova have played seven times before, with the Russian leading 4-3 but having lost the last two.
And as intense protests spread across Rajasthan, the release of the film got delayed, waiting for censor's clearance till now. Protests and acts of vandalism were reported from various parts of MP, including in Indore, Ujjain and Jhabua on Monday.
Another tool that website owners can use to evaluate mobile page performance is called Lighthouse , Wang and Phan said. A tool that indicates how well a page performs on the Chrome UX Report and suggests performance optimizations.
That said , chaiOS doesn't pose a serious or immediate threat to the stability of the affected device, so it might be a while. This renders the attack useless unless someone was to copy the code and post it on another platform to be disseminated again.
Its smaller size is meant to increase affordability and launch flexibility for customers with smaller payloads. "Very nice launch. Rocket Lab had to sit out a December launch opportunity due to weather worries and technical snags.
At least 10 people had been reported dead at after up to four gunmen and four suicide bombers had forced their way into the hotel. The hotel serves as a meeting point for the Afghan capital's elite and caters to many global guests.
The number of flu-related deaths this season in San Diego County has reached a record high of 142, county health officials said. The three deaths are all women: a 78 year-old from Cleveland, a 101-year-old from Euclid and a 95-year-old from Rocky River.
The CEO maintains, however, that Apple "don't recommend" users take advantage of the ability to disable the slowdown. Some tech analysts and users alleged Apple was slowing down phones as a way to encourage people to buy new phones.
He also offered to give the pens he used to sign the legislation to members of the media assembled in the Oval Office. Trump said he signed the bill now to keep a promise that he would cut taxes in time for Christmas.
Daley and Goldstein already have experience in the comic book genre after writing the script for Marvel's Spider-Man: Homecoming . Rick Famuyiwa had been set as director of the Flash stand-alone before exiting in October 2016 due to creative differences .
Lights on the vehicles were also flashing. "All you will need to do is get in and tell your auto where to go", the company states. But the thing was flying along at 65 miles-per-hour and the crash scared the heck out of the men and women assigned to Engine 42.
Cressy is okay, but it's more the Lanzini one that we're anxious about. "I just don't think he's a starter". And you'd hope, with the way we defended for the majority of the game that would be enough to win.
The doors to the Statue of Liberty will reopen Monday - despite the fed shutdown of all non-essential government services . Governor Andrew Cuomo says a deal was struck with the Department of the Interior, allowing the statue to remain open.
The statement did not directly address Nassar, who has pleaded guilty to sexually assaulting at least 10 female gymnasts. Yesterday, USA Gymnastics announced that it was terminating its lease at the Ranch, where so many of us were abused.
If the government were to shut down, the military is considered essential and would still report for duty. If there was a prolonged lapse in funding a "limited number" of workers may be placed on furlough .
The NRPC said they've received three calls from people in their service area after someone ingested a Tide Pod. "DOING LAUNDRY. So far in 2018, there have been 37 reported cases among teenagers - half of them intentional, according to the data.
Israeli Prime Minister Benjamin Netanyahu will have a packed schedule during the Mumbai leg of his visit to India on Thursday. Gavriel Holtzberg and Rivka - were killed during the siege at the Nariman House by 10 Pakistani terrorists in November 2008.