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Public Sector Banks Need Rs. 1.9 Lakh cr. to Manage Non-Performing Assets
August 03, 2017
According to S&P Global Ratings, Indian Public Sector Banks (PSBs) will need to arrange a minimum of Rs. 1.9 lakh crore additional funds by March 2019 to successfully write off the non-performing loans that they are struggling with today.
Geeta Chugh, credit analyst, S&P Global Ratings, said that the banks will need a colossal capital to make sizable haircuts on the stressed assets and to meet the Basel III requirements.
The US-based rating agency suggested that banks could try identifying alternate sources to be successful in that enterprise.
