India’s PSBs may see moderate bad loan formations: Morgan Stanley
The brokerage firm preferred SBI and other large private banks to play a major role in corporate recovery cycle.
The brokerage firm preferred SBI and other large private banks to play a major role in corporate recovery cycle.
The principal factor for accumulating bad loans in the Indian banking system is exaggerated economic growth expectations and over-ambitious projections erroneously or otherwise accepted by lending institutions
Opposing the merger of 10 public sector banks into four, C. H. Venkatachalam, General Secretary of AIBEA, in a statement issued here said in the name of banking reforms the government is enabling banks to help corporates.
The state-owned bank had a net profit of Rs 561 crore in the July-September quarter of last fiscal 2016-17.
The rift between the government and the RBI surfaced after Deputy Governor Viral Acharya in a hard-hitting speech on Friday pitched for “effective independence” of the central bank.
Jaitley said greater confidence among bankers, coupled with good growth, would ultimately lead to banking activity picking up.
Speaking at the event, the PM took a jibe at the Congress accusing the party of forcing banks to give loans to known defaulters.
The banks bad loans or non-performing assets (NPAs) will reach 10.5 per cent of the total advances by March 2018,…
In a further move to tackle the huge issue of banks' bad loans in India, the Insolvency and Bankruptcy Board…
Markets regulator Sebi on Wednesday relaxed takeover norms for acquisition of stressed assets to help the government and the RBI…
