CURRENT AFFAIRS

Detailed explanation-1: -Rs. 88, 139 crore was infused by the Government in PSBs during financial year (FY) 2017-18 after the recapitalisation announcement and provision of Rs. 65, 000 crore has been made in the budget for the current financial year for infusion.

Detailed explanation-2: -Budget Estimates 2017-18 Total expenditure estimated at Rs 21.47 lakh crore (US$ 317 billion), an increase of 6.57 per cent over previous year. Plan / Non-Plan classification to be done away with from 2017-18.

Detailed explanation-3: -Bankers and analysts have seen the absence of fresh allocations for PSBs as an acknowledgement of their improving health. The government has lowered the amount set aside for bank recapitalisation to Rs 15, 000 crore in the revised estimates (RE) for 2021-22 from Rs 20, 000 crore in the Budget estimates (BE).

Detailed explanation-4: -The government last provided capital support to banks in 2021-22. It had earmarked Rs 20, 000 crore for recapitalisation of PSBs through supplementary demands for grants.

Detailed explanation-5: -IAS Exam Latest Updates. Recapitalisation of Banks is injecting additional capital into state-owned banks to bring them up to capital adequacy standards. The government injects capital into banks that are short on cash using a variety of instruments.