After a meeting with chiefs of state-run banks in New Delhi on Saturday, the finance ministry said in a statement that lenders have been asked to identify stress points, including "concentration risks and adverse exposures".
Ahead of the meeting, the government had sought details of the bond portfolios of these banks, ReutersBanks should safeguard themselves from any potential financial shock, the finance minister told bankers according to the statement. "All the major financial parameters indicate stable and resilient public sector banks," the statement added.are capable of enduring any potential contagion effects emanating from the U.S. banking turmoil, S&P Global Ratings said this week.
"Strong funding profiles, a high savings rate, and government support are among the factors that bolster the financial institutions we rate," the rating agency said.
Indian regulators are not like Wall street regulators. INDIAN BANKS have been posting record profits and have great balance sheets in recent times.
Shocking hammer damage hell dangerous evils India banned 🇮🇳🇮🇳🇮🇳🇮🇳🐷🐷🐷🐷🐷🐷🐷🐷🐷🐷🐷🐷🐷🐷🐷
😂
What about nationalised banks, FM India?
shouldnât this be part of their daily business? 🙀
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Source: CNBC - 🏆 12. / 72 Read more »