Rating agency CRISIL has revised its outlook on 18 public sector banks (PSBs) from “negative” to “stable” after the government announced bank-wise capital infusion and reform plans.
The revision in outlook is primarily driven by the government’s PSB recapitalisation programme for this fiscal (2017-18). This will improve the financial risk profile of these banks and help them meet Basel-III regulatory capital norms. It also provides a cushion against an expected rise in provisioning for non-performing assets (NPAs).
Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
- Ashu Suyash is the MD and CEO of CRISIL.
- Gurpreet Chhatwal President of CRISIL.
- It Headquarters in Mumbai.
- CRISIL- Credit Rating Information Services of India Limited.
Source- Business Standard