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A change of stance on PSU banks

The transition to IFRS, which Indian banks are required to comply with starting 1 April 2018, is also likely to front-load loan losses for banks

Neelkanth Mishra 

Neelkanth Mishra Until recent months, most policymakers seemed to be convinced that PSU banks (that is, majority government-owned banks) did not need to grow. They argued that there was abundant banking capacity: Bond markets were expanding, non-banking finance companies (NBFCs) and newly licensed small finance banks were driving innovations, and well-capitalised private sector banks were growing their loan books at more than 20 per cent a year, several times the system loan growth.  Further, slow growth in PSU banks has seen them lose share rapidly in recent quarters, in line with the ...

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First Published: Mon, October 02 2017. 22:42 IST
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