Pandemic-driven Loan Recast to Take Gross Non-performing Assets to 11.5% by March: Report
4 years, 5 months ago

Pandemic-driven Loan Recast to Take Gross Non-performing Assets to 11.5% by March: Report

News 18  

The pandemic-induced one-time loan restructuring will spike the system-wide gross non-performing assets to 11-11.5 per cent by March, says a report. The system-wide GNPAs stood at 8.2 per cent in Q1 of FY21, down from 9.5 per cent in Q1 FY20, thanks to the recoveries and higher write-offs during the period. Of the total dud loans, state-run banks accounted for around 80 per cent of the pile till Q1 of FY20, after which there was substantial contraction in their GNPAs and it stood at Rs 6.4 lakh crore in Q1 of 2021, down from Rs 7.4 lakh crore in Q1 FY20. Meanwhile, the pandemic-related provisions surged in the June 2020 quarter with banks providing higher additional provisions — ICICI Bank Rs 5,550 crore, SBI Rs 1,836 crore, IndusInd Bank Rs 1,203 crore, Bank of Baroda Rs 996 crore, Axis Bank Rs733 crore and Kotak Mahindra Bank Rs 667 crore, along others, taking the total provisions to Rs 0.47 lakh crore.

India Bank Loans Loan Crore Cent Lakh Sma Gnpas  crore  loan  bank  q1  pandemicdriven  stood  assets  115  report  gnpas  gross  loans  higher  lakh  recast  nonperforming  rs  cent

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PNB Q3 PAT more than doubles to ₹4,508 crore
Trending News
1 month, 4 weeks ago

PNB Q3 PAT more than doubles to ₹4,508 crore

The Hindu  

Punjab National Bank Ltd. reported third quarter net profit more than doubled to ₹4,508 crore from ₹2,223 crore in the year-earlier period. Net non-performing assets declined by ₹4,379 crore to ₹4,437 crore from ₹ 8,816 crore in the same period last year. Global Business of the bank during the quarter grew 15.25% YoY to ₹26,39,991 crore. Among this Retail, Agriculture, …

ICICI Bank: retail, rural portfolio stress spikes
2 months ago

ICICI Bank: retail, rural portfolio stress spikes

Live Mint  

If loan defaults are growing faster than loan growth for any bank, it is a sign of worry. Notwithstanding the stress in the bank's retail and rural loan portfolio and the likely macro headwind of lower rates, ICICI’s overall performance remains strong. The bank’s annualized return on assets at 2.36% for Q3FY25 is the highest among the top four private …

MFI portfolio declines, bad assets spike in Sept qtr: Report
2 months, 3 weeks ago

MFI portfolio declines, bad assets spike in Sept qtr: Report

Live Mint  

Mumbai, Jan 8 Microlending outstandings in the system reduced 4.3 per cent to ₹4.14 lakh crore in the September quarter as lenders adopted a cautious stance amid deteriorating asset quality, a report said on Wednesday. Loans unpaid for 1-30 days increased to 2.1 per cent from the 1.2 per cent in June, while the ones unpaid for 31-180 days witnessed …

NPAs at 12-year low, red flags in some areas, says RBI report
3 months ago

NPAs at 12-year low, red flags in some areas, says RBI report

Hindustan Times  

Indian banks’ bad loans fell to their lowest level in 12 years, although early warning indicators suggest potential stress in some sectors, the Reserve Bank of India’s financial stability report stated on Monday. NPAs at 12-year low, red flags in some areas, says RBI report The gross non-performing assets ratio of scheduled commercial banks declined to 2.6% in September 2024, …

Gross NPA of banks decline to 12-year low of 2.6%, bad loan ratio to worsen in 2026: RBI Report
3 months ago

Gross NPA of banks decline to 12-year low of 2.6%, bad loan ratio to worsen in 2026: RBI Report

Live Mint  

The Reserve Bank of India said that banks' asset quality improved in 2024, with the gross non-performing assets or bad loans ratio falling to a 12-year low of 2.6 per cent in September 2024, driven by falling slippages and steady credit demand. "Buoyed by falling slippages, higher write-offs and steady credit demand, the GNPA ratio of 37 scheduled commercial banks …

Personal Loans and Services Sector are key drivers of banks credit growth: RBI
3 months ago

Personal Loans and Services Sector are key drivers of banks credit growth: RBI

Live Mint  

New Delhi, December 27 : The Reserve Bank of India has highlighted that bank credit growth in 2023-24 has been broad-based, with the personal loan and services sectors leading the expansion. The report said, "Bank credit growth in 2023-24 was broad-based, led by services sector and personal loans segment, followed by agriculture and industry". "The shares of services and personal …

Indian banks’ balance sheets stay robust, bad loans decline more, central bank report says
3 months ago

Indian banks’ balance sheets stay robust, bad loans decline more, central bank report says

Live Mint  

By Siddhi Nayak MUMBAI, Dec 26 - Indian banks' financial position has stayed robust, marked by the sustained expansion in loans and deposits, while their gross bad loan ratio has dropped to multi-year lows, a central bank report showed on Thursday. Net bad loans of banks fell to 0.57% of total loans at September-end, from 0.62% at end-March, driven by …

India: Gross NPAs of PSBs at ₹3.16L Cr, Govt Reports
3 months, 2 weeks ago

India: Gross NPAs of PSBs at ₹3.16L Cr, Govt Reports

Deccan Chronicle  

New Delhi: The gross non-performing assets of public sector banks stood at Rs 3.16 lakh crore as of September 30, which is 3.09 per cent of the outstanding loans, while gross NPAs as percentage of outstanding loan is 1.86 per cent in private sector banks, the government said on Tuesday. Informing to the Parliament, minister of state for finance Pankaj …

ICICI Bank shines brightly despite sector struggles, defying resignation sentiment
4 months, 3 weeks ago

ICICI Bank shines brightly despite sector struggles, defying resignation sentiment

Live Mint  

Despite a challenging economic environment, banks are seeing some relief in deposit growth, with four of the top five private sector banks reporting deposit growth outpacing credit growth in Q2. However, this growth comes at a price, with banks facing higher funding costs due to rising interest rates. Additionally, HDFC Bank's NIM has declined to 3.46% from 3.47%, indicating a …

Public Sector Banks' NPAs on Mudra Loans Fall to 3.4% in 2023-24: FM Nirmala Sitharaman
7 months, 3 weeks ago

Public Sector Banks' NPAs on Mudra Loans Fall to 3.4% in 2023-24: FM Nirmala Sitharaman

News 18  

Public sector banks’ non-performing assets associated with the Mudra loan category have declined to 3.4 per cent in the 2023-24 fiscal, Finance Minister Nirmala Sitharaman said on Monday. The finance minister informed the House that the NPA for public sector banks on Mudra loans has decreased to 3.4 per cent in the financial year 2023-24. She further said Mudra loan …

HDFC Bank logs 35% increase in net profit
8 months, 1 week ago

HDFC Bank logs 35% increase in net profit

New Indian Express  

NEW DELHI: Returning to its once famed over 30% net income for as many as 34 quarters on the trot which ended with the pandemic era, the second-largest lender logged in a robust 35.33% jump in net profit at Rs 16,174.75 crore for the June quarter even though the numbers are not comparable since the merger with its parent took …

Banks should improve corporate loans, keep deposit base healthy
10 months, 1 week ago

Banks should improve corporate loans, keep deposit base healthy

New Indian Express  

For the first time ever, the cumulative net profits of Indian banks surpassed Rs 3 lakh crore in 2023-24, up from Rs 2.3 lakh crore in 2022-23. While the 26 private lenders’ net profits shot up 42 percent to Rs 1.78 lakh crore, the 12 public sector banks reported net profits of Rs 1.41 lakh crore in 2023-24, a 34 …

Despite RBI measures, unsecured personal loans by banks grow; ICICI leads pack
11 months, 1 week ago

Despite RBI measures, unsecured personal loans by banks grow; ICICI leads pack

New Indian Express  

Mumbai: The second largest private sector lender ICICI Bank has the highest exposure in the unsecured personal loan segment at 13.8 percent, while at the system level it is 8.7 percent as of the December 2023 quarter, according to an analysis. The system-wide exposure has more than doubled since March 2018 when it was only 4 percent, while the system …

Cleaning up of NPA mess will propel the economy
1 year, 8 months ago

Cleaning up of NPA mess will propel the economy

Hindustan Times  

To understand the complexities of India’s banking sector, one needs to grapple with a term that tends to recur with unsettling regularity – non-performing assets. The gross NPA ratio of scheduled commercial banks stood at 4.9%, and ₹66.6 lakh crore in March 2014 were bad loans. The National Democratic Alliance government took several steps to address the NPA problem, including …

ICICI Bank Q1: Net profit rises 40% to ₹9,648 crore on improved asset quality
1 year, 8 months ago

ICICI Bank Q1: Net profit rises 40% to ₹9,648 crore on improved asset quality

Live Mint  

ICICI Bank Q1 Results: ICICI Bank announced its April-June quarter results for fiscal 2023-24 on July 22, reporting a rise of 39.7 per cent in net profit at ₹9,648 crore on a standalone basis, compared to ₹6,905 crore in the corresponding period last year. Asset Quality The bank's asset quality improved as the gross non-performing assets during the June quarter …

GNPAs Fall To Decadal Best Of 3.9 Per Cent In March, Set To Improve Further: RBI In FSR
1 year, 9 months ago

GNPAs Fall To Decadal Best Of 3.9 Per Cent In March, Set To Improve Further: RBI In FSR

ABP News  

The Indian banking system's asset quality strengthened to a decadal best, with the gross non-performing assets ratio falling to 3.9 per cent as of March 2023, the Reserve Bank said on Wednesday. GNPAs of the scheduled commercial banks are expected to improve further to 3.6 per cent by March 2024, as per the baseline scenario, the RBI's bi-annual Financial Stability …

Pvt banks' slippages, write-offs from COVID recast almost double than that of PSBs : Report
1 year, 9 months ago

Pvt banks' slippages, write-offs from COVID recast almost double than that of PSBs : Report

The Hindu  

Private sector banks' slippages and write-offs from loans restructured after the COVID-19 pandemic are almost double than that of their State-owned peers, a report said on Friday. Private sector banks have seen slippages and loan write-offs at 44%, as against 23% in case of public sector banks, the report by India Ratings and Research said, calling the trend “surprising”. “Banks …

State-Owned Banks Write Off Rs 29,000-Crore Bad Loans In December 2022 Quarter: Report
2 years, 1 month ago

State-Owned Banks Write Off Rs 29,000-Crore Bad Loans In December 2022 Quarter: Report

News 18  

State-owned banks wrote off bad loans worth Rs 29,000 crore in the December 2022 quarter, higher as compared with Rs 23,000 crore in the corresponding quarter last year, as part of a clean-up exercise, according to a CARE Ratings report. The write-offs by public sector banks in April-December 2022 were Rs 81,000 crore, which were lower than the Rs 90,000 …

Indian Banks GNPAs Down To 5% In September 2022, Macroeconomic Conditions Can Impact Banks Health RBI Report
2 years, 3 months ago

Indian Banks GNPAs Down To 5% In September 2022, Macroeconomic Conditions Can Impact Banks Health RBI Report

ABP News  

Gross Non-Performing Assets of Indian banks declined to 5 per cent in september but the present macroeconomic environment can impact lenders' health, said a new Reserve Bank of India report. The report said, “from its peak in 2017-18, the GNPA ratio of SCBs has been declining sequentially to reach 5 per cent at end-September 2022.” It said that the number …

Banks write off loans worth Rs 11.17 lakh crore in last 6 years
2 years, 3 months ago

Banks write off loans worth Rs 11.17 lakh crore in last 6 years

Deccan Chronicle  

NEW DELHI: Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed on Tuesday. "As per RBI data, public sector banks and scheduled commercial banks wrote off an aggregate amount of Rs 8,16,421 crore and Rs 11,17,883 crore respectively during the last six financial years," …

SBI Q1 Results: State Bank of India Net Profit Down by 6% YoY at Rs 6,068 Crore
2 years, 7 months ago

SBI Q1 Results: State Bank of India Net Profit Down by 6% YoY at Rs 6,068 Crore

News 18  

SBI Q1 FY23 Results: India’s largest public sector lender State Bank of India on Saturday reported a drop in net profit by 6.07 per cent at Rs 6,068 crore in Q1 FY23 as against Rs 6,504 crore in Q1 FY22. The Net interest Income, or NII for the quarter under review stood at Rs 31,196, an increase of 12.87 per …

‘Govt., RBI measures help banks recover bad loans worth more than ₹8.6 lakh crore in last 8 fiscal years’
2 years, 8 months ago

‘Govt., RBI measures help banks recover bad loans worth more than ₹8.6 lakh crore in last 8 fiscal years’

The Hindu  

Concrete steps taken by the government and RBI helped banks recover bad loans worth more than ₹8.6 lakh crore in the last eight financial years, the government informed Parliament on Monday. Several factors - including prevailing macroeconomic conditions, sectoral issues, global business environment, delayed recognition of stress by banks, aggressive lending during upturns, improper risk pricing and poor credit underwriting …

Karnataka Bank posts all-time high profit of ₹507.99 crore
2 years, 10 months ago

Karnataka Bank posts all-time high profit of ₹507.99 crore

The Hindu  

Karnataka Bank has posted an all-time high annual consolidated net profit of ₹507.99 crore for 2021-22 as against the last year’s ₹482.46 crore. The net profit for the fourth quarter ending March 2022 was ₹130.20 crore as against the net profit of ₹31.36 crore for the corresponding fourth quarter of F.Y 2020-21, registering more than four times increase in the …

SBI Q4 results: Profit jumps 41%, bad loans decline
2 years, 10 months ago

SBI Q4 results: Profit jumps 41%, bad loans decline

India Today  

State Bank of India on Friday reported a 41 per cent surge in standalone net profit at Rs 9,114 crore for the fourth quarter ended March 2022, helped by decline in bad loans. On a consolidated basis, the bank reported a 56 per cent increase in net profit at Rs 9,549 crore, compared to Rs 6,126 crore in the fourth …

Bad loans: Why, this time, it’s different
3 years ago

Bad loans: Why, this time, it’s different

Hindustan Times  

Non-performing assets or bad loans of banks have come down to their lowest levels, Reserve Bank of India governor Shaktikanta Das said at a Confederation of Indian Industry event on March 21. When seen in the context of gross NPA share falling to 6.9% of all loans, according to RBI’s Financial Stability Report released in December 2021 — the latest …

Rs.1.53 lakh crore bad loan write-off gives a facelift to banks’ NPA profile
3 years, 9 months ago

Rs.1.53 lakh crore bad loan write-off gives a facelift to banks’ NPA profile

New Indian Express  

Explaining the trend of bad loans, Care Ratings chief economist Madan Sabnavis said that banks' gross NPAs increased sharply by 43.7 per cent from Rs. But after FY18, the NPAs saw moderation and reached Rs 8.9 lakh crore by end of March 2020 driven by large share of write-offs and lower slippages. Over the last couple of years, public sector …

Parliament proceedings | Banks' NPAs decline to ₹8.08 lakh crore in Sept 2020: Govt
4 years, 1 month ago

Parliament proceedings | Banks' NPAs decline to ₹8.08 lakh crore in Sept 2020: Govt

The Hindu  

Non-performing assets or bad loans of the banking sector came down from a high of ₹10.36 lakh crore at the end of March 2018 to ₹8.08 lakh crore at the end of September 2020 due to various initiative of the government, Minister of State for Finance Anurag Thakur informed the Rajya Sabha on Tuesday. As a result of the Asset …

Market Wrap, Feb 1: Here's all that happened in the markets today
4 years, 1 month ago

Market Wrap, Feb 1: Here's all that happened in the markets today

Business Standard  

No tinkering with the direct taxes, capital gains taxes or security transaction tax, and no announcement of Covid tax on super-rich left bulls untamed at the bourses who managed to entirely reverse previous week's losses and clock the sharpest-ever Budget rally, in absolute terms, on Monday. Budget proposals nudged sectors like financials, insurance, and infrastructure with shares of financials including …

Economic Survey 2021 calls for fresh asset quality review
4 years, 2 months ago

Economic Survey 2021 calls for fresh asset quality review

Deccan Chronicle  

MUMBAI: The Economic Survey 2021 has called for a fresh review of asset quality of banks once the Covid-19- related regulatory forbearances are withdrawn. “The regulatory forbearance must be removed as the economy improves and must quickly be followed up by a clean-up exercise of bank books,” chief economic adviser Krishnamurthy Subramanian said in the Economic Survey for 2020-21, tabled …

RBI Financial Stability Report: Banks gross NPA may rise to 13.5% by September 2021
4 years, 2 months ago

RBI Financial Stability Report: Banks gross NPA may rise to 13.5% by September 2021

The Hindu  

Banks' gross non-performing assets may rise to 13.5% by September 2021, from 7.5% in September 2020 under the baseline scenario, according to Financial Stability Report released by the Reserve Bank of India. "The stress tests indicate that the GNPA ratio of all scheduled commercial banks may increase from 7.5% in September 2020 to 13.5% by September 2021 under the baseline …

Data | Why did bad loans in banks reduce despite COVID-19 and economic downturn?
4 years, 2 months ago

Data | Why did bad loans in banks reduce despite COVID-19 and economic downturn?

The Hindu  

The ratio of Gross Non-Performing Assets in Indian banks decreased in FY20 and FY21 despite the impact of COVID-19 and the economic downturn that preceded it. This was mostly due to three factors: 1) Banks wroteoff relatively more NPAs in FY20 to clean their balance sheets; 2) Some large NPA accounts got resolved through debt-recovery channels; and 3) It is …

Policy roll-back may dent banks’ health, says RBI
4 years, 3 months ago

Policy roll-back may dent banks’ health, says RBI

The Hindu  

In 2020-21, as policy support is rolled back, the impact of the COVID-19 pandemic may dent the health of the banks and non-banks, the Reserve Bank of India said in its Report on Trend and Progress of Banking in India 2019-20. This is a statutory publication in compliance with Section 36 of the Banking Regulation Act, 1949 and this Report …

Non-performing loans in Indian banking sector to rise in next 12-18 months: S&P
4 years, 4 months ago

Non-performing loans in Indian banking sector to rise in next 12-18 months: S&P

The Hindu  

Non-performing loans in the Indian banking sector is likely to witness an uptick and may shoot up to 11% of gross loans in the next 12-18 months, S&P Global Ratings said on Tuesday. It said forbearance is “masking” problem assets for Indian banks arising from COVID-19 and the financial institutions will likely have trouble maintaining momentum after the proportion of …

Non-performing Loans in Indian Banking Sector to Rise in Next 12-18 Months: S&P
4 years, 4 months ago

Non-performing Loans in Indian Banking Sector to Rise in Next 12-18 Months: S&P

News 18  

Non-performing loans in the Indian banking sector is likely to witness an uptick and may shoot up to 11 per cent of gross loans in the next 12-18 months, S&P Global Ratings said on Tuesday. It said forbearance is ”masking” problem assets for Indian banks arising from COVID-19 and the financial institutions will likely have trouble maintaining momentum after the …

Gross NPAs of banks may jump to 11.5% by end of FY21: Care Rating
4 years, 5 months ago

Gross NPAs of banks may jump to 11.5% by end of FY21: Care Rating

Live Mint  

The gross non-performing assets ratio of Indian banks is likely to be 11 to 11.5% by end of current fiscal and they are likely to restructure 4 to 5% of the overall bank credit outstanding, according to Care Rating. Multiple stakeholder objectives and moratorium computation with various firms have varying ways of computing moratorium, said the rating agency. The GNPA …

ICRA Says GDP May Contract by 11% This Fiscal, Predicts Pandemic Could Lead 3.7% Assets into Bad Loans List
4 years, 6 months ago

ICRA Says GDP May Contract by 11% This Fiscal, Predicts Pandemic Could Lead 3.7% Assets into Bad Loans List

News 18  

Rating agency ICRA on Wednesday revised down its credit growth outlook for banks to 2-3 per cent for the current fiscal, and said the coronavirus pandemic-driven stress may leave 3.1-3.7 per cent of assets into bad loan list by March. The agency expects fresh slippages of 3.1-3.7 per cent for 2020-21, which will largely come from SMA1 and SMA2 accounts …

Banks' NPAs in Large Industry, Services Fall 31 per cent in Over Two Years to Rs 4.36 Lakh Crore
4 years, 6 months ago

Banks' NPAs in Large Industry, Services Fall 31 per cent in Over Two Years to Rs 4.36 Lakh Crore

News 18  

Banks' non-performing assets in large industry and services declined 31 per cent in over two years to about Rs 4.36 lakh crore in June this year, Parliament was informed on Monday. "As per Reserve Bank of India data on domestic operations, NPAs of scheduled commercial banks pertaining to large industry and services have come down to Rs 4,36,492 crore as …

Farmers Driven to Debt as Banks Turn Risk-averse During Covid-19 Pandemic
4 years, 7 months ago

Farmers Driven to Debt as Banks Turn Risk-averse During Covid-19 Pandemic

News 18  

Last month, Dnyaneshwar Siddhanth, a farmer from Maharashtra, was in desperate need of money to buy seed and fertiliser as the monsoon sowing season approached. Amid India’s worst economic slowdown in decades due to the novel coronavirus pandemic, millions of farmers like Siddhanth are being shunned by banks as lenders turn cautious due to rising bad loans. If the crops …

Banks Set to Restructure up to Rs 8.4 Lakh Crore of Loans after RBI Decision: Report
4 years, 7 months ago

Banks Set to Restructure up to Rs 8.4 Lakh Crore of Loans after RBI Decision: Report

News 18  

Banks are likely to restructure up to Rs 8.4 lakh crore of loans, or 7.7 per cent of the overall system's credit, under the newly announced recast package, a domestic ratings agency said on Wednesday. Over 60 per cent of this Rs 8.4 lakh crore was susceptible to slip into the non-performing assets category if not for the recast move, …

Bank NPAs may worsen to 11.6% by end of this fiscal due to coronavirus pandemic: Report
4 years, 9 months ago

Bank NPAs may worsen to 11.6% by end of this fiscal due to coronavirus pandemic: Report

India TV News  

Gross non-performing assets of banks are likely to worsen to 11.3-11.6 per cent by the end of this financial year from 8.6 per cent as of March 2020, due to disruptions caused by the coronavirus pandemic, according to a report. Fresh gross slippages are estimated to be at 5-5.5 per cent of standard advances during 2020-21, which will increase the …

Lockdown impact: Public sector banks need ₹45,000-82,500 crore capital in FY21
4 years, 9 months ago

Lockdown impact: Public sector banks need ₹45,000-82,500 crore capital in FY21

Live Mint  

MUMBAI: India’s public sector banks will require ₹45,000-82,500 crore of capital in FY21 as the covid-19 pandemic is expected to increase asset quality pressures, said rating agency Icra. According to a report by Icra on Thursday, with earlier expectations of improved asset quality and profitability, the capital requirements for public sector banks was estimated at ₹10,000-20,000 crore for FY21 and …

Finance Minister Nirmala Sitharaman postpones meet with PSB chiefs to later this week
4 years, 10 months ago

Finance Minister Nirmala Sitharaman postpones meet with PSB chiefs to later this week

Firstpost  

Public sector banks have sanctioned loans worth Rs 42,000 crore to the MSME sector and corporates since the start of the lockdown. New Delhi: Finance Minister Nirmala Sitharaman review meeting with CEOs of public sector banks scheduled for Monday afternoon has been postponed. @FinMinIndia — Nirmala Sitharaman Office May 9, 2020 Sitharaman also said state-owned banks have sanctioned loans worth …

Coronavirus outbreak: S&P says pandemic to deteriorate asset quality of lenders; cuts Axis Bank, ICICI Bank outlook
4 years, 11 months ago

Coronavirus outbreak: S&P says pandemic to deteriorate asset quality of lenders; cuts Axis Bank, ICICI Bank outlook

Firstpost  

Kotak Mahindra Bank’s robust capitalisation, strong management, and better than peers asset quality was also appreciated while affirming the ratings. Mumbai: The COVID-19 pandemic will lead to a deterioration in asset quality for Indian lenders, global ratings agency Standard & Poor’’s said on Friday, cutting its outlook on private sector lenders Axis Bank and ICICI Bank to “negative”. “The negative …

Bad loans to rise in 2020, says RBI
5 years, 3 months ago

Bad loans to rise in 2020, says RBI

Deccan Chronicle  

Mumbai: Asset quality of commercial banks could worsen next year primarily due to the economic slowdown, increase in slippages and declining credit growth, warned the Reserve Bank of India on Friday. “The RBI’s macro-stress tests for credit risk show that under the baseline scenario, schedule commercial banks GNPA ratio may increase from 9.3 per cent in September 2019 to 9.9 …

Banking sector net NPA may improve to 3.2pc by March-end, says report
5 years, 3 months ago

Banking sector net NPA may improve to 3.2pc by March-end, says report

India TV News  

Aided by better recoveries and declining slippages, overall net non-performing assets of the banking sector are likely to improve to 3.2-3.3 per cent by the end this fiscal from 3.7 per cent in September 2019, says a report. The rating agency said the decline in net NPAs will improve the solvency profile of banks, with core equity bettering to around …

Gross NPAs on a decline for first time in seven years: RBI report
5 years, 3 months ago

Gross NPAs on a decline for first time in seven years: RBI report

Op India  

The efforts of the Narendra Modi government to clean up country’s banking system from the Non-Performing Assets mess seems to be yielding results as the gross non-performing loans of banks improved to 9.1% as of end-September 2019, compared to 11.2% in the fiscal year 2018. Reportedly, the non-performing assets reported by banks have shown a decline for the first time …

Banks' asset quality improves as NPAs remain stable at 9.1% as of September: RBI report
5 years, 3 months ago

Banks' asset quality improves as NPAs remain stable at 9.1% as of September: RBI report

Firstpost  

Mumbai: As the bad loan recognition process nears completion, the health of the banking system has improved with the gross non-performing loan ratio remaining stable at 9.1 percent as of September-end, the same level as in FY19, according to the RBI. “The gross NPA ratio of all banks declined in FY19 after rising for seven consecutive years, as recognition of …

Banks' asset quality improves as NPAs remain stable at 9.1% as of September: RBI
5 years, 3 months ago

Banks' asset quality improves as NPAs remain stable at 9.1% as of September: RBI

India TV News  

As the bad loan recognition process nears completion, the health of the banking system has improved with the gross non-performing loan ratio remaining stable at 9.1 per cent as of September-end, the same level as in FY19, according to the RBI. While the gross NPAs of public sector banks improved to 11.6 per cent in FY19 from 14.6 per cent …

SBI Q2 net profit trebles to ₹3011.73 crore, asset quality improves
5 years, 5 months ago

SBI Q2 net profit trebles to ₹3011.73 crore, asset quality improves

Live Mint  

Mumbai: State Bank of India on Friday said its net profit for September quarter more than tripled year on year on the back of higher net interest income and one-time gain from SBI Life stake sale. This despite a 17% year on year jump in provisioning The bank reported a net profit ₹3011.73 crore for the three months ended September …

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