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Wednesday, November 21, 2018

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


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