With growing vulnerability to an adverse business environment and pressure from stressed assets, global rating agency Fitch on Friday said it would step up scrutiny of three public sector banks (PSBs) — Punjab National Bank (PNB), IDBI Bank and Canara Bank. Indian banks, especially PSBs, will see more of a rise in bad loans and restructured assets in the next 12 to 18 months due to a long spell of economic slowdown, banking sector analysts with Fitch Analytics said in a conference call. The agency is slated to release a report on the Indian banking system early next week....
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