Mega merger of PSBs a key concern: PwC
John Garvey, global financial services leader at PwC, says he is also concerned about non-performing loan ratios of banks and the credit crunch in India’s economy.
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January 2020
December 2019
October 2019
August 2019
A tale of India’s loss-heavy banks
Data reveals that the loss-making and NPA-heavy public sector banks have serious efficiency issues.
SBI under-reported bad loans by ₹11,932 cr in FY19
RBI’s risk assessment audit indicates the public sector lender would have suffered a net loss of ₹6,968 crore versus the reported net profit of ₹862 crore for FY19.
Decoding YES Bank’s fast-rising share price
The private lender’s 106% recovery in share price from its 52-week low in early October could be a value trap for investors.
Is RBL Bank going YES Bank’s way? Not really
RBL Bank’s NPAs are rising and the stock is going downhill, but there are enough reasons to believe it is unlikely to end up like YES Bank.
Pvt sector leaders in PSBs: End of an experiment
The government’s experiment in hiring talent from the private sector to head public sector banks has ended with former Citibanker P.S. Jayakumar leaving Bank of Baroda.
YES Bank arrests share price fall
An analysts call an hour before the start of trading after an unprecedented disclosure of key numbers by the bank helps to arrest share price fall.
YES Bank is on the edge of a precipice
The next few months are crucial for the lender. Any more ratings downgrade is likely to send it into the prompt corrective action (PCA) framework which will check its freedom to conduct business.
Finance minister holds review meeting with bankers
FM Nirmala Sitharaman will hold similar meetings with representatives from MSMEs, auto, industry associations, financial market stakeholders, and others to address sector-specific issues.
Top three public sector banks post cheery Q1 results
State-owned lenders SBI, BoB, and PNB have all posted profits for the quarter ended June 30. Recoveries have been flat but cutting interest rates on deposits should help increase their margins.
