search query: @journal_id 11 / total: 1934
reference: 229 / 1934
| Author: | Rao, K. |
| Title: | Red faces for state banks |
| Journal: | Banker
1996 : DEC, VOL. 146:850, p. 60-64 |
| Index terms: | BANKING INDIA BANKS |
| Language: | eng |
| Abstract: | The state-owned banks have fared badly under the four-year liberalisation and their red balance sheets contrasts with the success of the new private banks. The general complacency that the four-year-old banking reform in India is well on course was abruptly shaken when India's state-owned banks turned in balance sheets splashed with red for the fiscal year 1995-96. Eight out of 27 government-owned banks reported net losses of Rs25.92 billion ($728 million) , up from Rs6.25 billion in the previous year. |
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