Chief Executive Kishor Kharat says bad loan will remain an issue for some more time but expressed confidence the bank will be entering the next fiscal with a lighter stress
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The Reserve Bank is likely to continue with its accommodative stance and may go for a 25 basis points rate cut, an HSBC report says.
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The Union Budget is credit negative for public sector banks as lower capital infusion announced by the government will be insufficient for lenders in a rising NPAs scenario, global rating agency Moody's said on Tuesday
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Government will unveil a roadmap for consolidation of public sector banks which are expected to get an infusion of Rs 25,000 crore next fiscal, Finance Minister Arun Jaitley said on Monday
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RBI chief says the multilateral bank has gotten off to a good start, raising hopes of energising the investment and financing of infrastructure projects
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The rupee is dangerously close to touching a record low after heavy sales by foreign investors in debt and shares
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The government plans to infuse Rs 70,000 crore in the next few years, but PSU banks would need at least Rs 1.8 lakh crore by FY19
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The central bank has said debt from state governments under the Ujwal Discom Assurance Yojana or UDAY scheme to banks would be through a private placement, effectively keeping the bonds out of the markets
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