Diabytes
Banks' balance sheets News
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Indian public sector banks (PSBs) will require a capital infusion of Rs 1.2 lakh crore by 2020, in view of the heavy losses reflected in their balance sheets in 2015-16, global credit rating agency Moody`s Investors Service said in a report on Friday.
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Amid mounting bad loans and record losses by several public sector banks, Finance Minister Arun Jaitley will hold a meeting with the heads of PSBs on June 6 to find ways to deal with the situation.
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Virtually rejecting the demand for extending the loan restructuring window beyond April 1, RBI Governor Raghuram Rajan on Tuesday said the practice of forbearance should end to increase investor confidence in banks' balance sheets.
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