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.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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