Back
45· Steady
Markets2h 9m ago
Jefferies expects staff costs for PSU banks to rise another 19% over financial year 2027 to 2029, potentially reducing FY28 pre-tax profit by 3% to 5% for every 5% increase in staff costs.
Archive Window: 7 Days Left
India
Who
Jefferies, PSU banks, SBI, PNB
What
Jefferies expects staff costs for PSU banks to rise another 19% over financial year 2027 to 2029, potentially reducing FY28 pre-tax profit by 3% to 5% for every 5% increase in staff costs.
When
Wed, 15 Jul 2026 11:01:40 GMT · 2h 9m ago
Where
India ·
Why
Jefferies anticipates a significant increase in staff costs for public sector undertaking (PSU) banks.
The Frontline Impact
How this affects you
Public sector banks, excluding SBI, face the highest earnings risk due to rising staff costs. Punjab National Bank (PNB) is identified as the most sensitive individual lender to these cost increases.
Story chain
2 events in this thread- Markets2h 9m agoJefferies expects staff costs for PSU banks to rise another 19% over financial year 2027 to 2029, estimating that every 5% increase in staff costs could reduce FY28 pre-tax profit by 3% to 5%.Open article
- Currently Reading2h 9m agoJefferies expects staff costs for PSU banks to rise another 19% over financial year 2027 to 2029, potentially reducing FY28 pre-tax profit by 3% to 5% for every 5% increase in staff costs.