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Large public sector banks (PSBs) have shown substantial improvement in loan recoveries and upgrade of accounts under stress in the first nine months (April-December) of the current financial year over the same period last year.
This does, said bankers, give them confidence on follow-up action. However, they added, banks would remain hobbled by big-ticket stressed accounts and without resolution of the latter, no meaningful change can come to the asset quality profile.
Seven large PSBs - including State Bank of India, Punjab National Bank (PNB) and Bank of Baroda (BoB), the largest three - showed between 40 per
This does, said bankers, give them confidence on follow-up action. However, they added, banks would remain hobbled by big-ticket stressed accounts and without resolution of the latter, no meaningful change can come to the asset quality profile.
Seven large PSBs - including State Bank of India, Punjab National Bank (PNB) and Bank of Baroda (BoB), the largest three - showed between 40 per
