Today news
The same in other media
In need of covid-19 capital, PSU banks hit the hardest
Reading now: 150
MUMBAI: Financial stocks have been one of the worst hit in recent tines as the covid-19 pandemic has not only snuffed out potential balance sheet growth but also increased the risk of delinquencies.
The narrative around capital has returned with this and as in the past, public sector banks would be the hardest hit this time as well.
Credit Suisse estimates that in all Indian banks would need $20 billion of capital to absorb the hit from the pandemic. "Private banks’ Tier 1 at 13% is adequate to absorb up to 5% of loans turning into NPLs.
However, with 20-40% of loans under moratorium and uncertainty on the economic impact, we expect most banks to raise further capital.
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
COVID-19
United States
|
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
|
India
|
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
|
Brazil
|
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
|
United Kingdom
|
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
|
Russia
|
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
|