CRISIL Upgrades Outlook On 18 PSBs From Negative To Stable
Posted on:30 Jan 2018 14:17:59
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30 January 2018 Current Affairs: Rating agency CRISIL revised its outlook on 18 public sector banks (PSBs) from “negative” to “stable” after the government announced bank-wise capital infusion and reform plans.
The revision in outlook is primarily driven by the government’s PSB recapitalization programme for this fiscal (2017-18).
This will improve the financial risk profile of these banks and help them meet Basel-III regulatory capital norms.
It also provides a cushion against an expected rise in provisioning for non-performing assets (NPAs).
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