(a) whether the Corporation Bank has sought financial assistance
from the Government to increase its business;
(b) if so, the details thereof and the reasons therefor; and
(c) the reaction of the Government thereto?
(a) whether the Corporation Bank has sought financial assistance
from the Government to increase its business;
(b) if so, the details thereof and the reasons therefor; and
(c) the reaction of the Government thereto?
The Minister of State in the Ministry of Finance (Shri Namo Narain Meena)
(a) & (b) : Corporation Bank has submitted its projections of capital requirement
for the financial year 2011-12 to enable the bank to maintain Tier I Capital to
Risk-Weighted Asset Ratio (CRAR) at a minimum of 8% as on 31.03.2012.
(c): Government is committed to keep the Public Sector Banks adequately capitalised.