........Icra analysed 26 state-run banks, and 15 banks outside government control in the quarter ended 30 June. These banks account for around 90% of the total credit portfolio and deposits of all commercial banks. “Core profitability of PSU (public-sector undertaking) banks have already dropped and last quarter they were cushioned by profits on sale of investments. But there is a clear pressure on profitability as mark-to-market losses are likely to increase because of the jump in bond yields,” Batra said..............
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