SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Finance Ministry asks PSBs to present their capital raising plans

22 Dec 2014 Evaluate

The Finance Ministry has asked all public sector banks to make a detail presentation envisaging their capital requirement over the next five years for meeting the stringent Basel III norms. This development follows cabinet approval to reduce government's stake in state-run lenders to 52%.

Finance Ministry wants banks to present their first half year results and accordingly present their capital raising plans from the market. The minister based on this presentation would crystallize its view about allocations towards public sector banks during the current fiscal.

Besides, the Minister also has sought information as to how much each bank plans to mobilize from other means, which includes sale of stake in non-core business. As part of raising capital, IDBI Bank has already initiated the process of selling its entire 5% stake in leading stock exchange NSE that may fetch the lender about Rs 1,000 crore.

The government, which has already made a budget provision of Rs 11,200 crore towards re-capitalization of PSBs for 2014-15, in the budget speech envisaged a requirement for infusing Rs 2.40 lakh crore as equity by 2018 in banks. It further outlined that the government would be in need to raise additional resources to fulfill this obligation.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×