ICRA estimates that PSBs need around Rs 60,000 crore in the current fiscal, but these banks are struggling to raise capital despite asset quality challenges.
Banks are relying on a pick-up in economic activity amid unlock phase and borrower profiles to expect that majority of loans under moratorium won’t turn bad.
Though Modi govt eased restrictions after 40 days, a majority of bank loans and deposits are concentrated in areas designated red zones, noted the study.
Kerala is the first local government to sell an offshore rupee-denominated bond & will list Rs 21.5 billion of Masala bonds on the London Stock Exchange Friday.
Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
The private banks are having arrangements with private market managers to manuplate share market. Such arrangements are not with the PSU banks. The investors, in general, are guided by market movement and prefer Private banks to make quick profit. Again, profit is possible if one incur loss, profit is made by other. It is a gambling but cannot promote stability. PSU banks provide stability in the economy.
The private banks are having arrangements with private market managers to manuplate share market. Such arrangements are not with the PSU banks. The investors, in general, are guided by market movement and prefer Private banks to make quick profit. Again, profit is possible if one incur loss, profit is made by other. It is a gambling but cannot promote stability. PSU banks provide stability in the economy.
Well said