Banking News

Read the full story

Source: Economic Times

Economic Times
Source
Banking Sector
Category
4 min
Read time
26 Aug
Published
Banking Sector
4 min read· Economic Times

India has fixed its PSU banks. Now comes the more ambitious part

The EAC-PM has proposed consolidating India’s public sector banks into a few large, comparable institutions to meet rising credit demand and finance the country’s growth towards Viksit Bharat 2047. The recommendation comes after a major PSB turnaround, with stronger profits, lower NPAs and faster credit growth. Larger…

The EAC-PM has proposed consolidating India’s public sector banks into a few large, comparable institutions to meet rising credit demand and finance the country’s growth towards Viksit Bharat 2047. The recommendation comes after a major PSB turnaround, with stronger profits, lower NPAs and faster credit growth. Larger

Source: Economic Times