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Slow economic growth may hurt banks' asset quality, says Pranab
The slowdown in economic growth might hamper banks' asset quality but the government was committed to infusing capital in public sector banks, finance minister Pranab Mukherjee said on Saturday. "Going forward, if GDP growth slows down, there could be some downstream impact on asset quality," Mukherjee said at a seminar organised by the Indian Merchants' Chamber here. Economic growth during 2011-12

Broking staff stay off European companies

With European banks scaling down their stock broking and investment banking operations globally due to falling profits and higher capital requirements, employees of domestic brokerages and

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PSBs to wait for capital

The finance ministry is likely to take a call on capital infusion in public sector banks, including the country's largest lender, the State Bank of India, for the current financial year by the middle

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Finmin considers additional grants for bank recapitalisation

The finance ministry will consider options such as preferential allotment, warrants, convertible shares and a holding company structure which can raise money globally to meet the capital requirements

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No SBI rights issue in FY12, says FinMin

The finance ministry on Tuesday ruled out a rights issue for the country's largest lender, State Bank of India (SBI) in this financial year. However, it assured the lender that its capital

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Govt panel to look into banks' capital needs

The government has formed a committee to look into the capital requirements of public sector banks in the light of the Basel-III norms, which the banks will start implementing from 2013. The

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