Performance of PSBs significantly improved as a result of implementation of reforms by the Government https://www.taxtmi.com/news?id=26348 A coordinated government strategy emphasised transparent recognition of NPAs, resolution and recovery, recapitalisation and systemic reforms; this led to clearer credit discipline, increased provisioning, bank recapitalisation, governance and technological measures, and culminated in strengthened asset quality, higher provision coverage and capital adequacy, restored profitability, and removal of prompt corrective action restrictions for public sector banks. en-us Tue, 21 Mar 2023 09:37:32 +0530 Tue, 21 Mar 2023 09:42:00 +0530 TaxTMI RSS Generator Performance of PSBs significantly improved as a result of implementation of reforms by the Government https://www.taxtmi.com/news?id=26348 A coordinated government strategy emphasised transparent recognition of NPAs, resolution and recovery, recapitalisation and systemic reforms; this led to clearer credit discipline, increased provisioning, bank recapitalisation, governance and technological measures, and culminated in strengthened asset quality, higher provision coverage and capital adequacy, restored profitability, and removal of prompt corrective action restrictions for public sector banks. News - Tue, 21 Mar 2023 09:37:32 +0530 https://www.taxtmi.com/news?id=26348