Public sector enterprises such as navratnas and miniratnas are allowed
to invest 30% of their surplus funds in Sebi-regulated public sector
mutual funds, however, they must park at least 60% of excess funds with
public sector banks, Parliament was informed on Monday. As per
information available in the Public Enterprises Survey 2012-13, all
CPSEs taken together have total cash and bank balance of Rs. 2,66,600
crore.
The cash and bank balance are used by CPSEs for various commercial purposes including payment of dividend and tax, discharge of liabilities, working capital, capital expenditure, expansion, modernization, acquisition, operational expenditure, deposits with banks, mutual funds, etc.
Source: ET
The cash and bank balance are used by CPSEs for various commercial purposes including payment of dividend and tax, discharge of liabilities, working capital, capital expenditure, expansion, modernization, acquisition, operational expenditure, deposits with banks, mutual funds, etc.
Source: ET