The cumulative loss of 20 public sector banks (PSBs) that have declared their Q4FY16 results as of Wednesday has crossed the $2 billion mark. In fact, at R14,283.5 crore, their losses put together, are more than the current m
Most public sector banks are likely to face pressure in terms of growth and profitability during FY17 owing to their high capital requirements, both from the government and the capital market, India Ratings said in a report o
The government on Friday unveiled a seven-point revamp agenda for public sector banks with worrisome levels of stressed assets, the central theme of which was an assertion that their commercial decisions would be left largely
The government on Friday said R20,088 crore of capital would be infused in 13 public sector banks (PSBs) in a month, as part of its four-year (FY16-FY19) plan to enable PSBs to create a safe buffer to meet Basel-III norms and
The Indian government expects public sector banks would be able to raise 800 billion rupees ($12.31 billion) from the markets to strengthen their balance sheets, Financial Services Secretary Hasmukh Adhia said on Friday.
The government's current proposal is to infuse Rs 25,000 crore each in this fiscal and the next (the PJ Nayak committee had estimated PSBs' capital requirement at Rs 34,000 crore in FY16 and Rs 76,000 crore in FY17) and Rs 10