Wednesday, January 24, 2018

Government to infuse Rs 88,139 crore into 20 PSBs & its effect on Banking Industry

Banks in India will be needed INR 631 billion due to implementation of Ind-AS 109, INR 631 billion for Govt. Sector Banks. This amount is equivalent to write-down of 1.10% of its Assets & 1.5% of net worth at end-March 2017. For Pvt Sector Banks, it is INR258 billion. PSB are rising money individually along with latest govt captial infussion, which is to-the-mark to Positive for 7% grwoth in  PS Bank's loan portfolio.

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