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.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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