Gross bad assets of at least one bank—Central Bank of India—exceeded 6% of its advances in the June quarter. For another six banks, four of…
Day: August 19, 2013
Bond yields at 9% leaves banks staring at Rs.45,000 cr depreciation loss
The benchmark 10-year bond yield touched 9% on Monday at 12.30pm, a level last seen on 25 August 2008. The banks will have to make…