Trade Marks Act, 1999 - Use of word DISH is not generic to trade of DTH services and its part use by Doordarshan for its DD FREE DISH is not protected by section 17 : HC (See 'Legal Desk') IBC, 2016 - Pendency of criminal trial against officials of YES BANK filed by shareholder of corporate debtor is not sufficient ground to dismiss application u/s 7 - NO: NCLAT (See 'Legal Desk') Amendments in Companies Act - IBC time span hiked to 270 days; Unspent money to be transferred to National CSR Fund (See 'Corpbrief') GST - Fake Invoices - Mega Hole in Treasury; Time for Punitive Legislative Measures! (See 'THE COB(WEB)' in TIOL) Cabinet okays extension of XV Fin Com's term till Nov 30, 2019 Cabinet okays amendment to IBC; bankruptcy resolution allowed maximum 330 days Wipro records 12.6% rise in Q1 profits at Rs 2388 C Yes Bank Q1 profits slump 91% at Rs 114 Cr Only 407 tariff lines restricted for import: Puri (See 'Corpbrief') National policy on retail trade in pipeline: MoS (See 'Corpbrief') Closure of pharma PSUs - Cabinet approves amendment in norms for sale of land (See 'Corpbrief') Modification of circular; Format for compliance report on Corporate Governance to be submitted to Stock Exchange (s) by Listed Entities (See 'Dashboard') Copyright Act -Copying of content including photographs and images from one domain name to other warrants grant of permanent injunction in favour of original proprietor specially in pharmaceuticals business : HC (See 'Legal Desk') Trade Marks Act, 1999 - Part use of word MAX in respect of MAXCURE healthcare services which by prior use is commonly associated with MAX hospitals is non distinctive and hence not protected by partial immunity granted u/s 17 : HC (See 'Legal Desk') HDFC AMC Q1 net profit rises by 42% Govt slashes interest rate on General Provident Fund Commercial vehicles worst hit in auto industry slowdown MCA seeks InterGlobes's response on Gangwal's charges of corporate governance lapses KVIC bags Rs 7 Cr order from Oil India Ltd (See 'Corp Brief') Raksha Mantri's Awards for Excellence - Private players now eligible for prize (See 'Corp Brief') India, UK ready to deepen trade relations post Brexit: Goyal (See 'Corpbrief') Patent Act, 1970 - Formation of opinion on three elements of injunction must be discernible from language of interim order in pharma patent case: HC (See 'Legal Desk') Various measures taken to ease textile sector's issues: Gadkari (See 'Corpbrief') Sahibganj MMT to open up sea trade for Bihar & Jharkhand: MoS (See 'Corprbrief') CAG's Audit Report on Entertainment Sector - An Overview (See 'THE TOG INSIGHT' in SARFAESI Act - No proposal for further amendment: Thakur (See 'Corpbrief' ) Mutual funds - 47 warning letters issued this fiscal for non-compliance: MoS (See 'Corpbrief') Arbitration and Conciliation Act, 1996 - Govt does not get differential treatment under Order XXVII of CPC whenever application for stay of arbitral award is filed u/s 36 and provision of CPC does not override the special purpose for which Arbitration Act is enacted : SC (See 'Legal Desk') OMCs issued Letter of Intent for 344 plants for production & supply of Compressed Bio Gas till June 2019: Pradhan Shipping Ministry's Sagarmala project created over 10000 jobs in 3 years: MoS

All 18 PSBs maintain minimum 9% CRAR: Thakur

Published: Jul 08, 2019


NEW DELHI, JULY 08, 2019: THE Union MoS for Finance & Corporate Affairs, Mr Anurag Singh Thakur, today in Parliament stated that as per RBI guidelines, banks in India are required to maintain a minimum Capital to Risk-weighted Assets Ratio (CRAR) of 9%. As on March 31, 2019, all 18 Public Sector Banks (PSBs) meet this minimum CRAR requirement. In this year's budget, Government has proposed to make provision for infusion of Rs 70,000 crore capital to PSBs to boost credit for a strong impetus to the economy. As per inputs received from State Bank of India, bank has obtained approval for raising equity capital of up to Rs 20,000 crore from the market by way of Qualified Institutional Placement (QIP) or other modes till March 31, 2020.

The bank has further informed that at present it is well capitalised, with CRAR of 12.72% as on March 31, 2019 against regulatory requirement of 11.325% and depending upon the requirement, it would decide on raising capital at an appropriate time during the financial year.

PSBs source capital through internal capital generation, mobilisation of capital from markets, and infusion by the Government. Thus, capital infusion by the Government complements PSB's internal capital generation and mobilisation of capital from markets. During the period from financial year (FY) 2008-09 to FY2018-19, PSBs have mobilised Rs 2,81,616 crore of capital through sources other than Government, and have posted net profit of Rs 98,373 crore, of which a sizeable proportion has contributed to internal capital generation. During the same period, Government has infused capital of Rs 3,15,721 crore in PSBs.