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According to annual bank statistics that are disclosed, this is the lowest ratio among all banks, not just public sector banks (PSBs), whose combined revenue exceeds Rs 3 lakh crore.
Deputy governors, executive directors from the Departments of Regulation and Supervision, as well as the governor, also spoke during the meeting.
With total purchases through the portal of Rs 592.82 crore, Canara Bank emerged as the main buyer among the state-owned lenders in 2022–2023, according to the statistics.
The benchmark Nifty 50 increased by less than 1%, but the Nifty PSU Bank index increased by 23% in the past 1 month.
Ind-Ra had highlighted the same in its press release titled ‘Capital Infusion through Zero-Interest Bonds in PSBs May Help Regulatory Capital, But not Tangible Equity as Much’
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.