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PSBs' credit profile at risk without more capital: Fitch

The central bank had nudged all lenders, public and private, to identify all stressed accounts and significantly raise provisioning over two quarters

If there isn't meaningful action to restore their capital adequacy, the standalone credit profile of many Indian public sector banks (PSBs) could come under pressure, says Fitch, the global ratings agency. Last week, several large PSBs reported significant quarterly losses. These underscore long-standing balance sheet and capital risks, legacy issues pertaining to poor asset quality and weak provisioning, Fitch said on Friday.Read more from our special coverage on "PUBLIC SECTOR BANKS"ICRA expects bank stress to continue for three years Fitch's estimate of the system's ...

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Business Standard
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Business Standard

PSBs' credit profile at risk without more capital: Fitch

The central bank had nudged all lenders, public and private, to identify all stressed accounts and significantly raise provisioning over two quarters

BS Reporter  |  Mumbai 

If there isn't meaningful action to restore their capital adequacy, the standalone credit profile of many Indian public sector banks (PSBs) could come under pressure, says Fitch, the global ratings agency. Last week, several large PSBs reported significant quarterly losses. These underscore long-standing balance sheet and capital risks, legacy issues pertaining to poor asset quality and weak provisioning, Fitch said on Friday.Read more from our special coverage on "PUBLIC SECTOR BANKS"ICRA expects bank stress to continue for three years Fitch's estimate of the system's ...

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PSBs' credit profile at risk without more capital: Fitch

The central bank had nudged all lenders, public and private, to identify all stressed accounts and significantly raise provisioning over two quarters

The central bank had nudged all lenders, public and private, to identify all stressed accounts and significantly raise provisioning over two quarters If there isn't meaningful action to restore their capital adequacy, the standalone credit profile of many Indian public sector banks (PSBs) could come under pressure, says Fitch, the global ratings agency. Last week, several large PSBs reported significant quarterly losses. These underscore long-standing balance sheet and capital risks, legacy issues pertaining to poor asset quality and weak provisioning, Fitch said on Friday.Read more from our special coverage on "PUBLIC SECTOR BANKS"ICRA expects bank stress to continue for three years Fitch's estimate of the system's ... image
Business Standard
177 22

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