Loss making PSU Banks

08 Jan

Loss making PSU Banks

Admin Bankedge

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  • A Crisis fallout in the year 2008 resulted in the fall out of state-run banks and also their high-octane balance sheet growth fuelled the NPA disaster.
  • Hence there is a constant prodding from the finance ministry to lend on a large scale to infrastructure projects to tide over the global financial crisis prompted unrestricted balance-sheet expansion by PSBs.
  • This highlights the urgent need to reform India’s ailing financial sector, with an emphasis on transparency, accountability, and autonomy to state-run banks.

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