India's finance minister asks state-run banks to assess risks

SPGI

+0.%

Add to/Remove from Watchlist

NEW DELHI (Reuters) – India’s finance minister State-owned banks have been asked to assess various financial health parameters amid the turmoil in the global banking sector. After a meeting with the governor of NSW state-owned banks on Saturday, India’s finance ministry said in a statement that it had asked the lender to Identify stress points, including “concentration risk and adverse risk”. Ahead of this meeting, the government has sought details of the banks’ bond portfolios, according to Reuters.

The finance minister told banks they should protect themselves from any potential financial shock, according to a statement from bankers.

statement added: “All major financial parameters point to a stable and resilient public sector bank.”

Indian banks are well positioned to absorb any potential contagion effects from the turmoil in the U.S. banking sector, S&P Global (NYSE Exchange: 100SPGI) ratings indicated this week.

“Strong funding conditions, high savings rates and government support are factors supporting the financial institutions we rate,” the rating agency said. 100

India's finance minister asks state-run banks to assess risks

UK payments watchdog sets mandatory reimbursement for app fraud victims

Marketmind: China disappoints again, fanning stimulus speculation

Dollar drifts as traders assess Fed options; Aussie up

LEAVE A REPLY Cancel reply

USA Trends

Messi-mad Indian mom driving to Qatar to see hero in his final World Cup

Drew Brees fakes lightning strike in promotional stunt for online sportsbook

Who could be speaker, if not Kevin McCarthy

3 bold Utah football predictions for Pac-12 Championship vs. USC

LAST NEWS

UK payments watchdog sets mandatory reimbursement for app fraud victims

Scandoval Timeline “Evolves” in Final Reunion Episode, ‘Vanderpump Rules’ EP Says

Rachel Sennott, Ayo Edebiri start a high school fight club, hook up with cheerleaders in 'Bottoms' trailer

The 11 Best Waterproof Mascaras of 2023 for a Smudge-Free Summer

Featured NEWS

How to Get a Postal mail Order Woman

UK rail network in general chaos as RMT joins striking train drivers

RBA in policy review under the microscope

Bitcoin, Ethereum Open Interest Suggests A Squeeze Is Coming

EDITOR PICKS

UK payments watchdog sets mandatory reimbursement for app fraud victims

Scandoval Timeline “Evolves” in Final Reunion Episode, ‘Vanderpump Rules’ EP Says

Rachel Sennott, Ayo Edebiri start a high school fight club, hook up with cheerleaders in 'Bottoms' trailer

POPULAR POSTS

UK payments watchdog sets mandatory reimbursement for app fraud victims

Scandoval Timeline “Evolves” in Final Reunion Episode, ‘Vanderpump Rules’ EP Says

Rachel Sennott, Ayo Edebiri start a high school fight club, hook up with cheerleaders in 'Bottoms' trailer

POPULAR CATEGORY

ABOUT US

FOLLOW US