Friday, October 5, 2018

Crisil : PSBs to post better results in FY 2018-19

According to Crisil report state-run lenders will narrow down their losses to Rs 500 billion in fiscal year 2018-19, from Rs 850 billion in the previous fiscal year, as the quantum of dud loans have been reduced.

This will be the third consecutive year that the 20 state-run lenders' grouping will be reporting a loss, adding higher provisioning requirements will ensure that the losses continue.

Profits for the entire banking system are expected to start improving from the second half of this fiscal and turn positive for the whole fiscal, as most large private banks are expected to report profits.

No comments:

Post a Comment