Private banks continued to shore up their Covid-19 provisioning in the June 2020 quarter (Q1FY21), even as the moratorium on loan repayments masked asset quality stress with fewer slippages and insignificant change in gross non-performing assets (NPAs).
An analysis of top private lenders’ Q1 earnings shows on an aggregate basis, contingent provisioning made towards likely deterioration in the asset quality because of the Covid pandemic shaved about 27 per cent of their operating profit. The impact, however, varies across banks, based on segmental and customer exposure and ...
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