List of public and private sector banks in india in losses
Answers
Answer:
Explanation:
Mitali Salian
A large number of public-sector banks, 14 out of 19, posted a consecutive losses in 2018-19 although their pre-provisioning operating profits (PPOP) were reasonably strong. The losses resulted from heavy provisioning requirements for stressed assets and eroded the bottomline. The 14 public-sector lenders, which included five banks, still within the promp corrective action framework, posted an aggregate loss of Rs 74,277.77 crore for FY19 against Rs 65,723.52 crore in FY18, based on figures available on the CapitaLine Database. This loss was in spite of the state-run entities posting a positive aggregate PPOP of Rs 63,645.05 crore for FY19 and Rs 62,371.47 crore for FY18.
Answer:
heyan
In India, there are about 27 Public Sector Banks in India. There are a total of 27 PSBs inIndia – 21 Nationalized banks + 6 State bankgroup (SBI + 5 associates) and rest two are IDBI Bank and Bharatiya Mahila Bank, which are categorized as other public sector banks.
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