Private banks continued to outshine their public sector peers on both profitability and asset quality, highlighting yet again poor risk management and recovery of the government-owned lenders, analysts said.
Private lenders also fared much better during the January-March quarter when it came to growth in loans and deposits, as also asset recoveries despite weak economy and choking credit demand.
The number of restructured loans and defaulters have also hit record highs, but mostly for the public sector banks.
Balance-sheets of the banks throw up starkly contrasting results. Analysts and some senior public sector bankers blame the poor risk management skills, coupled with unnecessary political interferences in the functioning of state-run banks for the mess they are in.
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