Net NPA reduced to Rs 2,700.29 crore in Q2FY23 from Rs 3,854.33 crore as on Q2FY22 and from Rs 3,103.82 crore as on Q1FY23
PNB's total income during July-September 2022 was Rs 23,001.3 crore as against Rs 21,262.3 crore a year ago
NPA declines to Rs 2,457 crore, compared to Rs 3,972 crore a year ago
Profits would have been higher if not for aggressive provisioning: IDBI Bank CEO
NII up 19.1% to Rs 1,762 crore, other income rises 24% to Rs 610 crore
Also makes them applicable to UCBs
May even touch decadal low of 4% by March 2024; MSMEs remain vulnerable with one-fourth of recast accounts likely to turn NPAs
The National Credit Guarantee Trustee Company Ltd (NCGTC) declared that 1.6 million accounts or 16.4 per cent of the total 9.8 million loans disbursed have been converted to NPAs
Decrease in slippages and higher recoveries to help state-owned lender, says agency
Axis Bank Q1 Results: In FY22, the bank doubled its net profit to Rs 13,025 crore. The operating profit of the bank grew by 13 per cent YOY & 5 per cent QOQ, in Q4FY22
Credit growth showing signs of recovery, says RBI report
Reserve Bank Governor Shaktikanta Das on Thursday said the stressed assets situation "looks manageable" as the stock of gross NPAs remained stable even after the second wave of pandemic
The RBI on Wednesday said it has imposed a penalty of Rs 15 lakh on The Baghat Urban Co-operative Bank Limited, Solan, for violation of certain norms, including, those related to NPA classification
The asset quality of state-owned banks remained stable with a fall in gross non-performing assets on y-o-y basis and sequentially
Scheduled commercial banks were carrying NPAs worth Rs 8.96 trn on their balance sheet at the end of March 2020
RBI data shows, loans written-off by the private sector banks were much lower than their public sector counterparts
New measures allow banks to defer full recognition of NPAs, encourage lending to areas having high probability of defaults
Lower provisions will be a key driver supported by healthy operating profit growth, while commentary on asset quality, collections are among monitorables
Analysts believe that the truer impact of Covid-19 as regards NPAs could be visible in the quarter even as banks may be tempted to remain prudent due to the second wave of coronavirus
Rating agency has estimated that gross NPAs (excluding write-offs) will rise to 9.6-9.7% by March 31, 2021 and 9.9-10.2% by March 31, 2022 from 8.6% as of March 31, 2020