PSBs’ Q2 provisions 1.5 times their operating profit

Twenty-one listed state-owned banks together set aside 1.5 times more as provisions than the aggregate operating profit they made during the quarter ended September, as provisions against mark-to-market losses on their bond portfolios added to pressure from loan losses.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DOXeKo