Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now

You can switch off notifications anytime using browser settings.
The Economic Times

Govt likely to get lower FY18 dividend from PSBs

Copy URL

ET Now learns that government is likely to get lower than budgeted FY18 dividend from state-run lenders and also lower than last year. According to sources, Public Sector Banks have reached out to Finance Ministry as their balance sheets are constrained on NPA provisioning for large accounts. FinMin officials are meeting PSBs to understand the likely shortfall. Ruchi Bhatia reports.

Have something to say? Post your comment

Other useful Links

Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service