05/01/2023
The School of Economics, the University of Hyderabad in association with the Indian econometric society has been organizing a 3-day conference at the campus here in Hyderabad. The conference witnessed the presence of the most noted and celebrated economists across the nation. The director of the Indian Institute of Management Ahmedabad, Prof Errol D’Souza has delivered a talk on the topic – “Public sector banks and credit allocation”. The talk focused on the overlending proposition by the public sector banks. He started the session with a brief light on the bank's nationalization history and how it is labeled as the measure for poverty alleviation and financial inclusion. D’Souza has hinted bleak situation of PSBs by hinting at the fact - the market capitalization of PSBs with a 60% asset base is lower than private banks with a 5% asset base like HDFC, especially after the Asset quality review 2016, which highlights the problem of NPAs.