Indian banks have shifted towards the retail market in recent years in response to a rise in soured corporate loans.
I think Uday (Kotak) is the best candidate to acquire Yes bank. You need deep pockets, Uday has that, said SBI's Rajnish Kumar.
Minister of State for Finance Anurag Thakur gave this information in written reply to a question in the Rajya Sabha.
The centre has infused Rs 2 lakh crore as capital into various banks during the past three years.
The private sector lender had reported a net profit of Rs 1,720.28 crore in 2018-19.
Speaking on the bank's Non-Performing Assets, the NABARD chief said that the bank's NPA has reduced last year.
Homebuyers can approach banks for loan revival, advised the Governmant.
DHFL’s creditors include mutual funds, pension funds, insurance firms and a wide array of retail investors.
Nobel laureate Abhijit Banerjee said that there was a need to bring down government stake to below 50 per cent in PSBs.
The ICICI Bank scrip rose 1.95 per cent to Rs 478.60 -- its 52-week high -- on the BSE.