Business Standard

Here's why stressed power accounts are unlikely to impact SBI numbers

With provision coverage ratio satisfactory, credit cost expected to stay within earlier forecast levels, feel analysts

Here's why stressed power accounts are unlikely to impact SBI numbers
Premium

Shreepad S Aute
With the Allahabad High Court not providing any relief on stressed power loans that are impacted by the Reserve Bank of India's (RBI's) February 12 order, one might have expected it would impact the share price of public sector banks (PSBs).
On Monday, the Bank Nifty had risen 1.5 per cent on hope that the court would provide relief. However, despite the lack of interim relief, the index fell only 0.3 per cent in Tuesday's trade.
There are concerns that most PSBs and corporate-focused private banks would need to make additional provision for these loans. The action deadline for RBI's order ended

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 29 2018 | 12:36 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com