State-Run Banks

State-Run Banks’ Losses Erase Centre’s $13-Billion Capital Push: Fitch

Capital buffers at six state-run banks slid below the minimum prescribed by regulators, Fitch said. MUMBAI: Losses by state-run banks have almost entirely wiped out the $13-billion capital infusion by the government, and the situation is unlikely to improve in the current fiscal year, ratings agency Fitch said today. The big losses will pressure the…

Translate »