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in Economy

‘Diversify credit portfolio’: FinMin flags concentration risk at 5 PSBs

by Editor July 27, 2023, 7:20 pm 1.7k Views

Business Standard

The finance ministry has cautioned five of the 12 public sector banks (PSBs) about the risk of credit concentration and asked them to ensure a well-diversified credit portfolio to reduce exposure to any particular group or industry.

During the 2022-23 (FY23) performance review of PSBs earlier this month, the ministry highlighted that the top 10 borrowers in the case of Bank of India, Canara Bank, Punjab National Bank, Punjab…

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