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Banking stocks: Street step-siding the brewing retail-loan stress

Retail NPA ratios for December quarter at 10-year high for most private banks

Topics
Banking stocks | NPA | Retail sector

Hamsini Karthik & Abhijit Lele  |  Mumbai 

banks, stressed assets, NPAs, non-performing asets, bad loans
The point that seems to be ignored amidst the euphoria is the brewing stress in the retail segment

There seems to be no let-up in for the third session in a row, as the Nifty Bank index scaled to a fresh high of 34,758 points, up 1.4 per cent over the previous close. RBL Bank, IndusInd Bank, and Axis Bank continued their upward trajectory, gaining 3.0-7.5 per cent on Wednesday, and were closer to ‘gapping down’ past year’s losses. Brokerages have revised their earnings target by at least 15 per cent across the board for banks after the Q3FY21 results.

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First Published: Wed, February 03 2021. 20:21 IST
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