The bank's total income during the March quarter rose to Rs 16,388.32 crore from Rs 14,725.13 crore in the year-ago period
Management expects further rise in already-high moratorium book
With an increase in stress on asset quality and profitability, state-owned banks may need Rs 45,000-82,500 crore of capital in this financial year under a weak credit growth scenario, it said
Fitch estimates that the impact on impaired loan ratios could be anywhere between 200 to 600 basis points depending on the severity of stress and banks' individual risk exposures.
Rating agency says moratorium extension, easing of working capital loan limits
While filing their financial results for FY20, corporations should adequately address the Covid-19 related concern and its impact on asset quality
Relaxation in the two segments is positive of asset quality recovery, but investors should await clarity from post-results commentary
Banking stocks have lagged the market in the rebound off coronavirus lows, hit on March 23, 2020
RBI doesn't have a choice but to provide some relaxation on the asset classification norms, says Aditya Puri
Slippages ratio for FY20 pegged at 3.5 per cent a tad lower than previous year's 3.7 per cent, but MSMEs, agri and retail are segments that could see fresh stress
The new rules signal a shift away from enhancing asset classification
The asset quality deteriorated for small enterprises (SMEs) as well but with lesser intensity, according to CARE Ratings
In the first half of FY20, asset quality of the sector showed further deterioration with slight increase in GNPAs.
The rising awareness of life insurance as a protection product is giving strong traction to the sector
The Reserve Bank of India should carry out an asset quality review of the non-bank finance companies, Rajan said.
She also said that she held discussions with credit rating agencies on their methodology to assess risk
The state of affairs in the banks had less to do with procyclicality and more to do with politically induced reckless lending to dodgy borrowers.
Results of SBI, ICICI Bank and Axis Bank indicate respite in formation of fresh bad loans; resolution and recoveries will be important for the trend to sustain
The data was released by the Microfinance Institutions Network (MFIN), the representative body of microfinance institutions
While NPA ratios have sharply moderated in the past two years, they are still way ahead of pre-AQR days