Try GOLD - Free
State-run banks to mop up ₹55K crore this fiscal
The New Indian Express
|December 05, 2024
PUBLIC sector banks have chalked out major debt-fund raising plans to the tune of ₹54,800 crore by selling additional tier-1 (AT-1) and tier-2 bonds in the remainder of the current financial year to shore up their regulatory capital or core capital.
-
Of this, they have already raised ₹31,500 crore, as per sources.
If materialised, as they need to get the go-ahead from the finance ministry, they will be mopping up 37% more than what they had done so in FY24 of ₹39,880 crore.
This story is from the December 05, 2024 edition of The New Indian Express.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express
The New Indian Express
DEEPER DIALOGUES FROM MARGINS
Five events held as part of Porombokkiyal 2025 shifted the spotlight on Unknown, unheard stories in the form of discussions and a play
2 mins
October 04, 2025
The New Indian Express
WAR PUSHES GAZA'S ENVIRONMENT TO FULL-SCALE COLLAPSE
TWO years of relentless conflict in the Gaza Strip have left an environmental disaster of unprecedented scale, the United Nations Environment Programme (UNEP) warns in a new report released this week.
3 mins
October 04, 2025
The New Indian Express
HE WHO SPOKE TRUTH TO POWER
VETERAN journalist, writer and columnist, who was Director of Express Publications (Madurai) Private Limited and Editorial Advisor to The New Indian Express, Thayil Jacob Sony George-popularly known as TJS George or TJS passed away on Friday afternoon at a private hospital in Bengaluru.
2 mins
October 04, 2025
The New Indian Express
Group leading mass protests for reforms in Morocco seeks dismissal of government
THE group leading Morocco's mass protests called on Friday for the government's dismissal, following days of unrest that have seen the deaths of three people.
1 mins
October 04, 2025
The New Indian Express
'India is no longer seen as outsourcing destination'
INDIA is no more an 'outsourcing destination' for advanced countries, believes Lord Karan Bilimoria, the founding Chairman of the UKIndia Business Council (UKIBC).
1 mins
October 04, 2025
The New Indian Express
Hopes fade for end to U.S. shutdown as Don readies cuts
HOPES for a quick end to the government shutdown were fading Friday as Republicans and Democrats dug in for a prolonged fight and President Donald Trump readied plans to unleash layoffs and cuts across the federal government.
1 mins
October 04, 2025
The New Indian Express
No public gathering on highways till SOPs are framed, HC tells govt
Court rejects pleas for CBI probe into stampede, says investigation still at nascent stage
1 mins
October 04, 2025
The New Indian Express Chennai
Sacred Poromboke:
Irula Gatherers and Divine Rituals
1 mins
October 04, 2025
The New Indian Express Chennai
Natural Vs Conventional: Study finds new social structure in farming practices
NATURAL farming is class and caste specific, with no substantial benefits in terms of monetary gain or dietary diversity compared to conventional farming.
2 mins
October 04, 2025
The New Indian Express
Got only copper panels from Sabarimala: Firm
THE controversy over the gold-plated panels of Sabarimala Lord Ayyappa temple is getting murkier, putting the Travancore Devaswom Board (TDB) on the defensive.
1 min
October 04, 2025
Listen
Translate
Change font size