Capital requirement for PSBs remains critical, says Ind-Ra
23/08/2016 12:41
India Ratings and Research (Ind-Ra) has said that capital requirements for the public sector banks to remain critical at FIBAC Summit 2016. India Ratings was the credit rating partner at the Banking Conference - FIBAC 2016.
India’s public sector banks have just seen the beginning of a painful clean-up process and are standing at a critical juncture in terms of their growth capital requirements, says Ind-Ra adding that their ability to contain their credit costs and garner the requisite capital would have a significant bearing on not only the sector but on the economic recovery trajectory for India.
Based on these developments India Ratings prepared and released a compendium of Banking reports including a report on the growth trajectory of public sector banks ‘PSBs to Grow at 9% over FY16-FY19 - Slowest in Last Two Decades’ as well as its ‘FY17 Outlook on Indian Banks’.
India Ratings’ research was widely discussed during the summit and notable speakers namely SS Mundra, Deputy Governor, RBI referred to our agency’s Refinancing Risk report ‘Rs 1.4 trillion Refinancing Requirement Could Put Rs 11.8trn Debt at Risk in FY17’ in his speech. Also Melwyn Rego, Managing Director and Chief Executive Officer of Bank of India, spoke at length about our analysis on the capital requirement for public sector banks while making his presentation.
The two day-event held on the 16-17 August, 2016 in Mumbai to explore the New Horizons in Indian Banking, included presentations and panel discussions on capitalization challenges and new Basel norms for the new frontiers in risks, to new ways for credit and monitoring in the new age world.
“It was an enriching experience with stalwarts from the banking and financial services sector discussing critical ongoing as well as future challenges and possibilities for the Indian banking system”, said, Soumyajit Niyogi, Associate Director, Credit & Market Research Group, India Ratings.
23/08/2016 12:41
India’s public sector banks have just seen the beginning of a painful clean-up process and are standing at a critical juncture in terms of their growth capital requirements, says Ind-Ra adding that their ability to contain their credit costs and garner the requisite capital would have a significant bearing on not only the sector but on the economic recovery trajectory for India.
Based on these developments India Ratings prepared and released a compendium of Banking reports including a report on the growth trajectory of public sector banks ‘PSBs to Grow at 9% over FY16-FY19 - Slowest in Last Two Decades’ as well as its ‘FY17 Outlook on Indian Banks’.
India Ratings’ research was widely discussed during the summit and notable speakers namely SS Mundra, Deputy Governor, RBI referred to our agency’s Refinancing Risk report ‘Rs 1.4 trillion Refinancing Requirement Could Put Rs 11.8trn Debt at Risk in FY17’ in his speech. Also Melwyn Rego, Managing Director and Chief Executive Officer of Bank of India, spoke at length about our analysis on the capital requirement for public sector banks while making his presentation.
The two day-event held on the 16-17 August, 2016 in Mumbai to explore the New Horizons in Indian Banking, included presentations and panel discussions on capitalization challenges and new Basel norms for the new frontiers in risks, to new ways for credit and monitoring in the new age world.
“It was an enriching experience with stalwarts from the banking and financial services sector discussing critical ongoing as well as future challenges and possibilities for the Indian banking system”, said, Soumyajit Niyogi, Associate Director, Credit & Market Research Group, India Ratings.
