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Crisil downgrades 8 Public Sector Banks

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I think the unviable Banks have to be closed! As a first step let them close the Branches which are loss making! It may not be an easy task! The Government should cut the stake too in such loss making Banks!

[h=1]Crisil downgrades 8 Public Sector Banks[/h]March 10, 2016 23:33


Credit rating agency Crisil today downgraded eight PSBs including Bank of India and Canara Bank, following deterioration in their asset quality and also revised the outlook on five of them to negative.


The agency also placed the rating on Syndicate Bank on negative watch list.


The state-run banks whose ratings have been downgraded are Bank of India, Central Bank of India, Corporation Bank, Dena Bank, IDBI Bank, Indian Overseas Bank, Syndicate Bank and Uco Bank. Those whose outlooks have revised down are Andhra Bank, BoB, Canara Bank, PNB and Punjab and Sind Bank, Crisil said in a report.


Significant stress in the corporate loan book of public sector banks (PSBs) is expected to result in their weak assets ballooning to Rs 7.1 trillion by March 2017 (11.3 per cent of total loan book) from around Rs 4 trillion as of March 2015 (7.2 per cent of loan book).


Steep rise in NPAs, expected further surge in stressed assets and the consequent hit on profitability and capital will dent credit profiles, Crisil said. The agency, however, said the ratings on 10 other Crisil-rated state-run banks have been reaffirmed wherein four of them carry a "negative" outlook.

http://news.rediff.com/commentary/2...sector-banks/2a066253d1f9360d3d4a4ba4db90f599
 
Many persons who invest their savings in Banks, are not aware of these ratings. In their view and belief that Govt' banks will never fail.
In Share Market that too in daily trading, shares are traded on short term speculation like gambling. Here also ratings have no bearing.
Only long term investor in Bank shares, have to bother.Even they could the option to come out when the bidding is on higher in a day.
 
Yesmohanji

This is the best time to make a killing on PSB in share market.

As short term trades they are excellent.

If there is a 25 % increase best to sell it and wait for it to fall again.

For senior citizens , there is nothing long term including their own life.lol
 
I think the unviable Banks have to be closed! As a first step let them close the Branches which are loss making! It may not be an easy task! The Government should cut the stake too in such loss making Banks!

Crisil downgrades 8 Public Sector Banks

March 10, 2016 23:33


Credit rating agency Crisil today downgraded eight PSBs including Bank of India and Canara Bank, following deterioration in their asset quality and also revised the outlook on five of them to negative.


The agency also placed the rating on Syndicate Bank on negative watch list.


The state-run banks whose ratings have been downgraded are Bank of India, Central Bank of India, Corporation Bank, Dena Bank, IDBI Bank, Indian Overseas Bank, Syndicate Bank and Uco Bank. Those whose outlooks have revised down are Andhra Bank, BoB, Canara Bank, PNB and Punjab and Sind Bank, Crisil said in a report.


Significant stress in the corporate loan book of public sector banks (PSBs) is expected to result in their weak assets ballooning to Rs 7.1 trillion by March 2017 (11.3 per cent of total loan book) from around Rs 4 trillion as of March 2015 (7.2 per cent of loan book).


Steep rise in NPAs, expected further surge in stressed assets and the consequent hit on profitability and capital will dent credit profiles, Crisil said. The agency, however, said the ratings on 10 other Crisil-rated state-run banks have been reaffirmed wherein four of them carry a "negative" outlook.

http://news.rediff.com/commentary/2...sector-banks/2a066253d1f9360d3d4a4ba4db90f599

Till now banks used to scare people on CIBIL score. Now they pay it back with CRISIL!! " duniya gol hai"
 
Till now banks used to scare people on CIBIL score. Now they pay it back with CRISIL!! " duniya gol hai"

Good quote sir.

One day they will come to our doorstep with their certificates and products and try to convince us to bank with them.

If they go burst now, then why not let international banks open branches here to make them compete with local ones.
 
Till now banks used to scare people on CIBIL score. Now they pay it back with CRISIL!! " duniya gol hai"

Good quote sir.

One day they will come to our doorstep with their certificates and products and try to convince us to bank with them.

If they go burst now, then why not let international banks open branches here to make them compete with local ones.

hi

they will fly away overnight....
 
Crisil rating is nothing to do with number of branches. Rating will not improve if branches are pruned / closed.
Each branch has to make profit. The small small profits made by tiny branches are eaten away by the bigger loss of bigger branches with huge NPAs.
If politicians &,top Govt. stay away from banks, banks will flourish.
Of course Govt. is having the majority share holder's interest; but not the individual politicians at the helm of affairs.
Bank's have accountability but not the politicians.

The mistakes committed by Congress are continued by BJP also, in a bigger way.
 
Yesmohanji

This is the best time to make a killing on PSB in share market.

As short term trades they are excellent.

If there is a 25 % increase best to sell it and wait for it to fall again.

For senior citizens , there is nothing long term including their own life.lol

Senior citizens who are behind women ……pleading for their equal rights, honor should have set an example by associating their better halves, in all their economic activities and investments, so that the better halves after the exist of senior citizens could continue / look after the investments, who knows, perhaps in a better way.
 
Senior citizens who are behind women ……pleading for their equal rights, honor should have set an example by associating their better halves, in all their economic activities and investments, so that the better halves after the exist of senior citizens could continue / look after the investments, who knows, perhaps in a better way.
Modern women are ahead of men [senior citizens].

They require no support from anyone including husband..

If they are nominated as owners of shares after exit of senior citizen, they can have a rollicking time on earth.lol
 
The Indian banking industry has no dearth of defaulters. Not even the so-called “wilful defaulters”, who have the capacity to pay but don’t or divert loans for other purposes. In the fiscal year ended March 2015, there were as many as 7,035 wilful defaulters who had failed to repay loans worth Rs 51,442 crore. By December, when Jayant Sinha, minister of state for finance, made a statement in Parliament on wilful defaults, the amount had risen to `64,300 crore, and in at least 115 cases, it appeared that bank officials connived with the borrowers.
 
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