Question : RECAPITALISATION OF WEAK BANKS



(a) whether weak banks and financial institutions have requested the Government for additional funds;

(b) if so, whether the RBI has finalised a recapitalisation package for the weak banks/FIs;

(c) if so, the details of the package and the names of banks which are likely to be offered the package;

(d) the extent to which the package would help the weak banks to come out of the red;

(e) whether the Government propose to privatise these banks/FIs;

(f) if so, the details thereof alongwith the reasons therefor; and

(g) the other steps taken by the Government to bring down the cost of operation in banks and to ensure proper utilisation of this package ?

Answer given by the minister


MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALASAHEB VIKHE PATIL)


(a),(b),(c),(d),(e),(f)&(g): A Statement is laid on the Table of the House.