45
Markets2h 4m ago

Jefferies 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%.

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, estimating that every 5% increase in staff costs could reduce FY28 pre-tax profit by 3% to 5%.
When
Wed, 15 Jul 2026 11:01:40 GMT · 2h 4m ago
Where
India ·
Why
Rising staff costs are projected to impact the pre-tax profits of Public Sector Undertaking (PSU) banks.
The Frontline Impact

How this affects you

PSU banks, excluding SBI, face the highest earnings risk, with PNB identified as the most sensitive individual lender to increased staff costs.

Story chain

2 events in this thread
  1. Currently Reading2h 4m ago
    Jefferies 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%.
  2. Markets2h 4m 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.
    Open article

Verified Sources & Citations

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