Monday, March 18, 2013

Profitability of Indian banks to dip in FY13: CII Survey

Indian banks are yet to get rid of financial bruises.  In 2012-13, their profitability is likely to "decline sharply" due to two reasons: stricter regulatory requirements and stress assets, according to a survey done by Confederation of Indian Industries (CII) taking feedback from 15 lenders including five state-owned, three private sector and seven foreign entities...........

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