RBI annual report 2017-18: Central bank says lenders will witness further deterioration in NPAs in FY19
6 years, 4 months ago

RBI annual report 2017-18: Central bank says lenders will witness further deterioration in NPAs in FY19

Firstpost  

The combined impact of the increase in provisioning against NPAs and mark-to-market treasury losses on account of the hardening of yields eroded the profitability of banks, resulting in net losses, RBI report said New Delhi: Reserve Bank of India said on Wednesday that banks will witness further deterioration in their non-performing assets or bad loans due to the “economic situation prevailing” in the current fiscal. As per RBI’s Annual Report 2017-18, gross non-performing assets plus restructured standard advances in the banking system remained elevated at 12.1 percent of gross advances at end-March 2018. The combined impact of the increase in provisioning against NPAs and mark-to-market treasury losses on account of the hardening of yields eroded the profitability of banks, resulting in net losses, it said. In order to curb NPAs, RBI also put in place revised and harmonised guidelines for resolution of stressed assets during the year, replacing earlier schemes like Sustainable Structuring of Stressed Assets, Strategic Debt Restructuring scheme, Corporate Debt Restructuring scheme and Joint Lenders’ Forum.

Bank Report Banks Npas Mtm Stressed Assets Losses Rbi  fy19  deterioration  bank  sources  annual  crore  witness  rs  stressed  losses  rbi  banks  lenders  report  central  npas  assets

History of this topic

NPAs at 12-year low, red flags in some areas, says RBI report
2 weeks, 1 day 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
2 weeks, 2 days 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 …

RBI expresses optimism about Indian economy, gross NPA at 12-year low, GDP to grow at 6.6 per cent
2 weeks, 2 days ago

RBI expresses optimism about Indian economy, gross NPA at 12-year low, GDP to grow at 6.6 per cent

India TV News  

The Reserve Bank of India on Monday said that the bank's asset quality improved further and their gross non-performing assets or bad loans ratio declined to a 12-year low of 2.6 per cent in September 2024. "Buoyed by falling slippages, higher write-offs and steady credit demand, the gross nonperforming assets ratio of 37 scheduled commercial banks fell to a multi-year …

PSU banks to cross ₹1.5 lakh cr profit in FY’25, low deposit mobilisation concern
2 weeks, 5 days ago

PSU banks to cross ₹1.5 lakh cr profit in FY’25, low deposit mobilisation concern

Live Mint  

New Delhi, Dec 27 Low NPAs and double-digit credit growth are expected to drive profits of public sector banks past the ₹1.5 lakh crore milestone in 2024-25. Public lenders recorded their highest-ever aggregate net profit of ₹1.41 lakh crore in 2023-24 on the back of significant improvement in asset quality, credit growth, healthy capital adequacy ratio and rising return on …

Indian banks’ profitability improves for six straight years, NPAs decline to 13-year low: RBI report
2 weeks, 6 days ago

Indian banks’ profitability improves for six straight years, NPAs decline to 13-year low: RBI report

Live Mint  

The profitability of banks improved for the sixth consecutive year in 2023-24 and their gross bad debts or non-performing assets declined to a 13-year low of 2.7 per cent. "Banks’ profitability rose for the sixth consecutive year in 2023-24 and continued to rise in H1:2024-25 with the return on assets at 1.4 per cent and return on equity at 14.6 …

NPS Assets to Reach Rs 15 Lakh Crore by Year End
3 weeks, 2 days ago

NPS Assets to Reach Rs 15 Lakh Crore by Year End

Deccan Chronicle  

Mumbai: The assets under management of the National Pension System are projected to reach Rs 15 lakh crore by the end of the current fiscal year, according to Pension Fund Regulatory and Development Authority Chairman Deepak Mohanty. “The total subscribers at this moment are more than 8 crore, out of which in NPS there are about 1.6 crore subscribers and …

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

Banking revival in 2025: Why strong liability franchises stand to gain
1 month, 1 week ago

Banking revival in 2025: Why strong liability franchises stand to gain

Live Mint  

Indian bank stocks are waiting for their moment in the sun. Read this | Private lenders see stress in credit cards, personal loans in Q2 Elevated deposit costs and sluggish base growth weighed heavily on net interest margins for both public and private banks. Public vs private banks Credit costs for private banks increased by 10 basis points sequentially, with …

PSB’s Record 26% Profit Growth in First Half FY25
2 months ago

PSB’s Record 26% Profit Growth in First Half FY25

Deccan Chronicle  

New Delhi: The finance ministry on Tuesday said that public sector banks have shown robust performance in the first half of the current fiscal year with a 26 per cent growth in net profit, increase in business and decline in non-performing assets. During the first six months of FY25, the finance ministry also said that the credit and deposit portfolio …

FM Asks PSBs to Focus on Core Business, Deposits
4 months, 3 weeks ago

FM Asks PSBs to Focus on Core Business, Deposits

Deccan Chronicle  

New Delhi: Union finance minister Nirmala Sitharaman on Monday asked all the heads of public sector banks to focus on core banking business and speed up the pace of deposit growth by introducing innovative products. “The finance minister reviewed the financial performance of banks and progress made in the implementation of various flagship schemes of the government, including PM Awas …

HDFC Bank logs 35% increase in net profit
5 months, 3 weeks 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
7 months, 3 weeks 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 …

Over ₹10 lakh crore under its watch, NPS to ease withdrawal options
1 year, 4 months ago

Over ₹10 lakh crore under its watch, NPS to ease withdrawal options

The Hindu  

State governments that have ostensibly opted out of the National Pension System for their employees and have reverted to the Old Pension Scheme that guaranteed 50% of final salary as monthly pension, continue to remit due contributions to the NPS corpus. State government employees account for the largest chunk of the savings pool which crossed ₹10 lakh crore on August …

Banks recovered more than Rs 10 lakh crores from NPAs in the last nine years: Finance Ministry tells Lok Sabha
1 year, 5 months ago

Banks recovered more than Rs 10 lakh crores from NPAs in the last nine years: Finance Ministry tells Lok Sabha

Op India  

In a major success for the Narendra Modi government, during the last nine fiscal years, scheduled commercial banks have recovered approximately Rs 10 lakh crore, as per the government’s information to the Lok Sabha. In a written response to a question in the Lok Sabha on Monday, Minister of State for Finance Bhagwat Kisanrao Karad stated that according to the …

Cleaning up of NPA mess will propel the economy
1 year, 5 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 …

Net profit of PSBs almost tripled to ₹1.04 lakh in FY2022-23: FM Sitharaman
1 year, 6 months ago

Net profit of PSBs almost tripled to ₹1.04 lakh in FY2022-23: FM Sitharaman

Live Mint  

Finance Minister Nirmala Sitharaman on Saturday appreciates the state-run banks for becoming profiteering. According to the union Finance Minister, the net profit of public sector banks has almost tripled to ₹1.04 lakh crore in fiscal 2022-23. "The Non-Performing Assets of the Indian banks is estimated to reduce further to a decadal low of 3.8% by end of FY 2023-24," Sitharaman …

Nirmala Sitharaman praises PSBs, says 'profit tripled to Rs 1.04 lakh in nine years'
1 year, 6 months ago

Nirmala Sitharaman praises PSBs, says 'profit tripled to Rs 1.04 lakh in nine years'

India TV News  

Finance Minister Nirmala Sitharaman stated on Saturday that the profit of public sector banks has tripled to Rs 1.04 lakh crore over the past nine years as a result of government initiatives. Public sector banks net profit nearly tripled from Rs 36,270 crore in FY2014 to Rs 1.04 lakh crore in FY23. They should follow best corporate governance practices, adhere …

GNPAs Fall To Decadal Best Of 3.9 Per Cent In March, Set To Improve Further: RBI In FSR
1 year, 6 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, 6 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
1 year, 11 months 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 …

ECONOMIC PERSPECTIVES | Is a reversal of bank nationalisation on the cards?
1 year, 11 months ago

ECONOMIC PERSPECTIVES | Is a reversal of bank nationalisation on the cards?

The Hindu  

Published : Jan 26, 2023 10:25 IST The semi-annual Financial Stability Report from the Reserve Bank of India signals that the country’s banking system, especially the public banking system, has put behind it the stress from disturbingly high non-performing or bad loans on its books. The asset quality review resulted in an increase in the volume of recorded gross NPAs …

RBI is ready to defend financial stability: Das
2 years ago

RBI is ready to defend financial stability: Das

Live Mint  

The Reserve Bank of India recognizes that global challenges could affect the local economy and is monitoring the situation along with other financial regulators, governor Shaktikanta Das said. “The international economic order stands challenged; financial markets are in turmoil due to monetary tightening in most parts of the world; food and energy supplies and prices are under strain; debt distress …

Indian Banks GNPAs Down To 5% In September 2022, Macroeconomic Conditions Can Impact Banks Health RBI Report
2 years 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 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, 5 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, 5 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, 7 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, 8 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
2 years, 9 months 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 …

Bank NPAs Fall to Six Year Low Despite Pandemic, Says RBI Report. Here is Why
3 years ago

Bank NPAs Fall to Six Year Low Despite Pandemic, Says RBI Report. Here is Why

News 18  

RBI Report 2020-21: The Reserve Bank of India, or RBI, has recently released its annual report on the financial performance of the country. The asset quality of the banking sector has improved over the year, the RBI said, adding that the gross non-performing asset ratio for scheduled commercial banks fell to 6.9 per cent as at the end of September …

Centre unlikely to announce capital infusion for PSU banks in Budget 2022-23
3 years, 1 month ago

Centre unlikely to announce capital infusion for PSU banks in Budget 2022-23

Firstpost  

Finance Minister Nirmala Sitharaman is expected to present the fourth budget of the Modi 2.0 government on 1 February New Delhi: The government is unlikely to announce capital infusion for public sector banks in the upcoming Budget, as their financial health has improved on the back of reduction in bad loans, sources said. During the last financial year, PSBs raised …

Banks NPAs decline to Rs 8.34 lakh cr at March-end 2021, junior finance minister informs Lok Sabha
3 years, 5 months ago

Banks NPAs decline to Rs 8.34 lakh cr at March-end 2021, junior finance minister informs Lok Sabha

Firstpost  

Scheduled commercial banks were carrying NPAs worth Rs 8.96 lakh crore on their balance sheet at the end of March 2020 New Delhi: Non-performing assets or bad loans of banks have declined by Rs 61,180 crore to Rs 8.34 lakh crore at the end of March 31, 2021, as a result of various steps taken by the government, Minister of …

Rs.1.53 lakh crore bad loan write-off gives a facelift to banks’ NPA profile
3 years, 7 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
3 years, 11 months 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
3 years, 11 months 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 …

New NPA Cycle, Privatisation Among Ailments in Banking that Union Budget 2021 is Expected to Address
3 years, 11 months ago

New NPA Cycle, Privatisation Among Ailments in Banking that Union Budget 2021 is Expected to Address

News 18  

With the Union Budget due to be presented on Monday, stakeholders in the banking sector expect the Centre to go beyond recapitalisation of bonds to infuse capital in public sector banks. The RBI’s stress test recently revealed that bank NPAs could jump from 7.5 per cent in September last year to 13.5 per cent by September this year. The gross …

Economic Survey 2021: Under-Capitalisation of Banks Will Hamper Economic Growth in Long Run
3 years, 11 months ago

Economic Survey 2021: Under-Capitalisation of Banks Will Hamper Economic Growth in Long Run

News 18  

The Economic Survey 2021, released on January 29 ahead of the Union Budget 2021, has called for adequate capitalisation of public sector banks flagging fears of lenders resorting to risk-shifting, which will, in turn, impact the economy which has just begun its upward rise months after the crippling impact of the Covid-19 pandemic. Public sector banks account for 60 per …

New NPA Cycle, Privatisation Among Ailments in Banking that Union Budget 2021 is Expected to Address
3 years, 11 months ago

New NPA Cycle, Privatisation Among Ailments in Banking that Union Budget 2021 is Expected to Address

News 18  

With the Union Budget less than a week away, stakeholders in the banking sector expect the Centre to go beyond recapitalisation of bonds to infuse capital in public sector banks. The RBI’s stress test recently revealed that bank NPAs could jump from 7.5 per cent in September last year to 13.5 per cent by September this year. The gross non-performing …

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

A year after PMC Bank scam, RBI says NPAs rise in urban co-operative banks, losses balloon up
4 years ago

A year after PMC Bank scam, RBI says NPAs rise in urban co-operative banks, losses balloon up

Firstpost  

The Reserve Bank of India said the quantum of gross NPAs in the 1,539 UCBs increased to Rs 33,010 crore at end-FY20 from Rs 22,093 crore a year ago Mumbai: The proportion of gross non-performing assets of urban co-operative banks saw a rise in FY20 to 10.8 percent as against 7.3 percent in the previous year, the Reserve Bank said …

Explained: Why India's banks will face major NPA challenge in 2021
4 years ago

Explained: Why India's banks will face major NPA challenge in 2021

India Today  

The coronavirus pandemic has had a devastating impact on banks and financial institutions around the world as the global economic crisis has led to a rise in defaults and bad loans. It also expects the Indian banking sector’s bad loans to shoot up to 10-11 per cent of the total loans as on March 31, 22 from eight per cent …

Non-performing loans in Indian banking sector to rise in next 12-18 months: S&P
4 years, 1 month 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, 1 month 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 …

High NPAs, sticky interest rates
4 years, 2 months ago

High NPAs, sticky interest rates

India Today  

A recent working paper from the Reserve Bank of India has said that a high incidence of non-performing assets in banks act as a major roadblock to the transmission of the monetary policy actions of the central bank—in other words, preventing banks from passing on the benefit of lower interest rates to their retail customers. This observation is significant because …

IDBI Bank Reports Rs 324 Crore Profit for Q2; Non-performing Assets Ratio Down
4 years, 2 months ago

IDBI Bank Reports Rs 324 Crore Profit for Q2; Non-performing Assets Ratio Down

News 18  

IDBI Bank on Friday reported a net profit of Rs 324 crore for the second quarter of the current fiscal year against a loss of Rs 3,459 crore for the same period of the previous fiscal. Compared sequentially, the bank registered a 125 per cent jump against the first quarter net profit of Rs 144 crore, IDBI Bank said in …

Gross NPAs of banks may jump to 11.5% by end of FY21: Care Rating
4 years, 3 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 …

Pandemic-driven Loan Recast to Take Gross Non-performing Assets to 11.5% by March: Report
4 years, 3 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 …

ICRA Says GDP May Contract by 11% This Fiscal, Predicts Pandemic Could Lead 3.7% Assets into Bad Loans List
4 years, 3 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 …

The battle to save banks
4 years, 3 months ago

The battle to save banks

India Today  

The battle for saving banks has been a long drawn one. Speaking at the seventh SBI Banking and Economics Conclave in July, RBI governor Shaktikanta Das said: “The economic impact of the pandemic due to the lockdown and the anticipated post-lockdown compression in economic growth may result in higher NPAs and capital erosion of banks. A recapitalisation plan for PSBs …

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