Thirteen state banks have reported combined losses of $8.6 billion for the year to March, and their non-performing loans have surged nearly a fifth from end-December levels
The Centre on Tuesday unveiled a Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks, including re-capitalisation bonds, budgetary support, and equity dilution
Will the government go in for ownership change in the state-owned banks? Will the managements be revamped in a way that such bad loans problems do not recur?