The Union govt may provide much-needed clarity on further consolidation of #PSBs in #Budget2022, privatising some weaker ones, but going through with such a plan may not be easy. Here's why 👇
https://www.moneycontrol.com/news/business/budget-2022-can-fm-sitharaman-manage-to-push-psb-privatisation-agenda-7821391.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/budget-2022-can-fm-sitharaman-manage-to-push-psb-privatisation-agenda-7821391.html?utm_source=telegram&utm_medium=social
Moneycontrol
Budget 2022: Can FM Sitharaman push PSB privatisation agenda?
Privatising public sector banks has long been in the works but the government has only managed to merge many such entities. The budget may lay out a roadmap on privatisation but strong trade union protests will be a challenge.
Indian #banks are unprepared to respond to the #climatecrisis. Among the banks, #PSBs are lagging far behind the private banks in terms of addressing the risks, stated a Climate Risk Horizons report.
Details of the report here 👇
https://www.moneycontrol.com/news/business/banks/indian-banks-unprepared-to-tackle-climate-related-challenges-says-report-8261851.html?utm_source=telegram&utm_medium=social
Details of the report here 👇
https://www.moneycontrol.com/news/business/banks/indian-banks-unprepared-to-tackle-climate-related-challenges-says-report-8261851.html?utm_source=telegram&utm_medium=social
Moneycontrol
Indian banks unprepared to tackle climate-related challenges, says report
The study has revealed that hardly any bank has an exclusion policy that prohibits lending for the construction of new coal power plants or the extension of an existing one.
A study has found that the govt's consolidation of #PSBs cannot be explained on efficiency grounds and that the merger of these #banks was actually weakening the #banking system.
Read at 👇
https://www.moneycontrol.com/news/business/merger-of-govt-owned-lenders-weakening-banking-system-says-study-8546081.html?utm_source=telegram&utm_medium=social
Read at 👇
https://www.moneycontrol.com/news/business/merger-of-govt-owned-lenders-weakening-banking-system-says-study-8546081.html?utm_source=telegram&utm_medium=social
Moneycontrol
Merger of govt-owned lenders weakening banking system, says study
Taking the example of Oriental Bank of Commerce, the study found no economic reason for its merger with Punjab National Bank as the efficiency of the former was increasing ahead of the union in 2020.
#PSBs have been losing money on their capital, thanks to the long-drawn #credit cycle where they paid high credit costs due to delinquent loans. That may be changing now, say analysts.
Read to know how 👇
https://www.moneycontrol.com/news/business/earnings/will-the-sun-rise-on-psu-banks-return-on-assets-8575601.html?utm_source=telegram&utm_medium=social
Read to know how 👇
https://www.moneycontrol.com/news/business/earnings/will-the-sun-rise-on-psu-banks-return-on-assets-8575601.html?utm_source=telegram&utm_medium=social
#BankingCentral 🏦 Privatising India's dozen #PSBs has been an unkept promise. Time and again, both the UPA and the NDA have flashed this as the top reform agenda.
Now again, the govt is preparing to push the agenda. How likely are they to get a buyer this time around?
Find out ⏬
https://bit.ly/3yBf3rx
Now again, the govt is preparing to push the agenda. How likely are they to get a buyer this time around?
Find out ⏬
https://bit.ly/3yBf3rx
Moneycontrol
Banking Central | India's PSB privatisation bid needs political resolve
For long, both the UPA and the NDA governments have promised privatisation but what lacked was political will