CRISIL Upgrades Outlook on 18 PSBs from Negative to Stable

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