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.
The brokerage’s view is based on factors including historical data showing the Nifty completely retracing declines of over 25% within one year three times over the past 12 years
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.
Processes vary from bank to bank with some asking customers to write to them to avail the moratorium, while others asking borrowers to inform them to opt out.
The high-profile former banker was fired from ICICI Bank months after she voluntarily left the company. She moved court in 2019, challenging the termination.
On Monday, Modi delivered an aggressive speech, which TV news pounced upon with relish, sensing a good fight ahead—‘PM tears into Opposition’, ‘belt treatment', 'big attack'.
December oil imports from Russia may drop nearly 50%, but Indian buyers already shifting to non-designated Russian entities and opaque trading channels to keep Russian oil flowing.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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