Indian Overseas Bank (IOB), Corporation Bank, Dena Bank, Andhra Bank and Vijaya Bank were trading higher in the range of 1% to 6% on the NSE.
Among others, Andhra Bank gained 4.91 per cent, Dena Bank 3.58 per cent while Central Bank of India gained 3.10 per cent
Last year, they got a year's extension to meet the norm, till August 2018
Tepid loan growth and higher credit cost to weigh on earnings at private corporate lenders
Many public sector banks should be turned into safe banks
A transparent approach to banks' bad loans is needed
Private banks' woes put India Inc in the dock
Reforms might be difficult due to elections and hostile bank unions
According to Assocham, once bank lending begins to pick up, there would be consequent advantages by way of higher economic growth and tax buoyancy.
Viral Acharya is asking for more by way of at least creating a timetable for recapitalisation and divestment of govt equity in PSU banks
Govt seems to be running out of options on public sector banks
Banks Board Bureau has been made irrelevant
Recapitalisation of PSBs must be linked to efficiency