Losses of the State owned banks widened nearly 3.5 times in Jul to Sep

Last Updated: November 19, 2018

Free Current Affairs to Your Email
Losses of the State owned banks widened nearly 3.5 times in Jul to Sep

Losses of the State owned banks widened nearly 3.5 times in Jul to Sep

19 November 2018 Current Affairs:

The cumulative losses of the State-owned banks widened nearly three-and-a-half times to Rs.14,716.2 crore in the July-September quarter of the current fiscal. This loss is due to the mounting of bad loans. 21 public sector banks had posted a net loss of Rs.4,284.45 crore in the September quarter of 2017-18.  The balance sheets of these PSU lenders has been impacted due to the higher provisioning towards bad loans.
The Centre and the Reserve Bank of India (RBI) have been taking steps to help the debt-ridden public sector banks to improve their performance. The government on its part has been infusing capital in these banks and RBI has tightened monitoring.

Daily Current Affairs 2019



Subscribe to Current Affairs

Enter your email to get daily Current Affairs
Current Affairs PDF

Current Affairs 2019 September

September 17
News Quiz
September 16
News Quiz
September 15
News Quiz
September 14
News Quiz

Current Affairs 2019 August

August 31
News Quiz
August 30
News Quiz
August 29
News Quiz
August 28
News Quiz

Current Affairs 2019 July

July 31
News Quiz
July 30
News Quiz
July 29
News Quiz
July 28
News Quiz