AIRLINK 197.60 Decreased By ▼ -0.37 (-0.19%)
BOP 9.92 Decreased By ▼ -0.12 (-1.2%)
CNERGY 7.24 Decreased By ▼ -0.05 (-0.69%)
FCCL 37.04 Increased By ▲ 1.04 (2.89%)
FFL 16.64 Decreased By ▼ -0.27 (-1.6%)
FLYNG 26.80 Increased By ▲ 1.76 (7.03%)
HUBC 135.00 Increased By ▲ 0.97 (0.72%)
HUMNL 14.09 Decreased By ▼ -0.05 (-0.35%)
KEL 4.74 Decreased By ▼ -0.04 (-0.84%)
KOSM 6.79 Decreased By ▼ -0.15 (-2.16%)
MLCF 45.60 Increased By ▲ 0.62 (1.38%)
OGDC 217.00 Decreased By ▼ -1.23 (-0.56%)
PACE 6.93 Decreased By ▼ -0.01 (-0.14%)
PAEL 40.85 Decreased By ▼ -0.57 (-1.38%)
PIAHCLA 17.00 Increased By ▲ 0.14 (0.83%)
PIBTL 8.39 Decreased By ▼ -0.07 (-0.83%)
POWER 9.32 Decreased By ▼ -0.07 (-0.75%)
PPL 184.30 Decreased By ▼ -1.63 (-0.88%)
PRL 41.40 Increased By ▲ 0.13 (0.31%)
PTC 24.85 Increased By ▲ 0.08 (0.32%)
SEARL 103.62 Decreased By ▼ -1.03 (-0.98%)
SILK 1.02 Increased By ▲ 0.01 (0.99%)
SSGC 40.50 Decreased By ▼ -0.41 (-1%)
SYM 17.84 Decreased By ▼ -0.21 (-1.16%)
TELE 8.75 Decreased By ▼ -0.16 (-1.8%)
TPLP 12.61 Decreased By ▼ -0.23 (-1.79%)
TRG 66.30 Decreased By ▼ -0.30 (-0.45%)
WAVESAPP 11.20 Decreased By ▼ -0.10 (-0.88%)
WTL 1.75 Decreased By ▼ -0.03 (-1.69%)
YOUW 3.99 Decreased By ▼ -0.01 (-0.25%)
BR100 12,092 Decreased By -16.9 (-0.14%)
BR30 36,555 Decreased By -42.8 (-0.12%)
KSE100 114,661 Decreased By -381.1 (-0.33%)
KSE30 36,071 Decreased By -128.1 (-0.35%)

NEW DELHI: India finance minister has asked state-run banks to assess various financial health parameters amid turbulence across the global banking sector.

After a meeting with chiefs of state-run banks in New Delhi on Saturday, the finance ministry said in a statement that lenders have been asked to identify stress points, including "concentration risks and adverse exposures".

Ahead of the meeting, the government had sought details of the bond portfolios of these banks, Reuters reported.

US Fed mulls more rate hikes amid banking uncertainty

Banks should safeguard themselves from any potential financial shock, the finance minister told bankers according to the statement.

"All the major financial parameters indicate stable and resilient public sector banks," the statement added.

Indian lenders are capable of enduring any potential contagion effects emanating from the U.S. banking turmoil, S&P Global Ratings said this week.

"Strong funding profiles, a high savings rate, and government support are among the factors that bolster the financial institutions we rate," the rating agency said.

Comments

Comments are closed.