Asset Quality Across Indian Public-Sector Banks: Persistence, RegimeDependence, and a Forward Stress Test
This study examines the dynamics of asset quality across all twelve Indian public-sector banks (PSBs) over fiscal years 2011–2026, using a merger-consistent (pro-forma) panel of 192 bankyears constructed from Reserve Bank of India (RBI) data and bank disclosures. The empirical workhorse is deliberately simple: the cano...