Public Sector Banks :
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Public Sector Banks :
Public Sector Banks :
Moody’s upgrade may help small government banks
India’s latest rating upgrade in more than a decade by Moody’s Investor Services may come as a shot in the arm for smalland mid-sized state-owned banks, which are reeling under mounting bad loans.
These banks, helped by the government’s massive fund injection weeks ago, have experienced at least 75-basis-point reduction in borrowing costs, and may now be able to sell perpetual bonds at even softer rates – by another quarter per cent. Lower borrowing costs are likely to help lenders improve their profit margins that were bleeding under the huge burden of sticky loans.
Next big move by Modi Government – Centre may withdraw the Bank Cheque Book facility
A senior functionary of industry body CAIT today said the Centre may withdraw the bank cheque book facility in the “near future” to encourage digital transactions.
A senior functionary of industry body CAIT today said the Centre may withdraw the bank cheque book facility in the “near future” to encourage digital transactions.
Private sector banks cut rates for savings deposits
Having improved their ratio of low-cost current and savings accounts (CASA) in the past six years, new age private sector banks are now rationalising their deposit rates by steadily raising their deposit slabs, which is likely to help them improve margins from here on. IndusInd Bank, Yes Bank and Kotak Mahindra Bank have either fully or partially tweaked their savings rates since September after seeing a sharp rise in CASA ratio since the RBI allowed banks to set their own savings rate in October 2011.
18 PSBs among top 20 banks with highest gross NPA ratios: CARE Ratings
Public sector banks are more stressed than their private sector counterparts with the former figuring among the top 20 banks with the highest gross non-performing asset (GNPA) ratios, according to CARE Ratings’ analysis of the first quarter results of 38 banks.
IDBI Bank (with gross NPA ratio of 24.11 per cent of gross advances) and Indian Overseas Bank (23.6 per cent) have NPA ratios of over 20 per cent. Among PSBs, Indian Bank has the lowest GNPA ratio of 7.21 per cent, the credit rating agency said.
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