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.
Whether it is due to the alleged unofficial ban on The Bengal Files or allegations by Gopal Mukherjee’s family against Agnihotri, everyone in the state wants to know more about Mukherjee.
As devastated farmers begin to come to terms with the fallout, 4 lakh hectares of land under paddy cultivation across state is flooded. Punjab is among the biggest contributors to PDS.
New Delhi: Army chief General Upendra Dwivedi has strongly backed the idea of theaterisation, saying it is inevitable and the need of the hour.
Speaking...
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
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