OTC MARKET NEWS Powered By Quantifi

PSU banks under PCA cloud caught in Catch-22 situation 

May 26, 2017

Atmadip Ray & Saloni Shukla, India Times

"State-run banks stare at the spectre of not lending at all even if credit demand picks up unless they raise capital immediately after they posted cumulative fourth quarter losses of Rs 10,000 crore. 

Credit Suisse report said at least three-fourth of PSU banks are set to fall under the prompt corrective action (PCA) of the regulator, making it inevitable for them to either go to the market for capital, sell assets or seek funding from the government."

Read more

 
Comments are closed on this post.

Subscribe

Submit your email to receive our newsletter

GO