Page 2 - Gnpas
Banks' GNPAs fall 5% in Sept, but current situation can impact health: RBI
Indian banks' gross non-performing assets declined to 5.8 per cent, but the present macroeconomic environment can impact lenders' health, the Reserve Bank said on Tuesday. The GNPAs, which touched a peak in FY18 following the asset quality review, have been declining sequentially to reach 5 per cent in September, the RBI said in the 'Trends and Progress of Banking in India' report for FY22 released on Tuesday. The number stood at 5.8 per cent in March 2022, according to the report which also had a strong commitment by the RBI to be not complacent, given the present environment. "Although presently the Indian banking sector remains robust and resilient with improved asset quality and strong capital buffers, the policymakers remain mindful of dynamically evolving macroeconomic conditions that may impinge on the health of regulated entities," the report said. The decrease in the GNPAs was attributed to lower slippages and also a reduction in outstanding GNPAs through recoveries, ...
 "Banks' GNPAs fall 5% in Sept, but current situation can impact health: RBI")
Indiabulls Finance Q2 consolidated net up marginally to Rs 289.4 cr
Impairments on financial instruments double YoY; income from operations almost flat at Rs 2,229.7 cr
 "Indiabulls Finance Q2 consolidated net up marginally to Rs 289.4 cr")
Going forward, IOB will be posting very good results: MD & CEO Sengupta
'It has been in the range of 20-30 per cent in almost every quarter'
 "Going forward, IOB will be posting very good results: MD & CEO Sengupta")
SBI's Q2 net rises 74% to Rs 13,265 crore on improved interest margins
The lender's net interest income improved 12.83 per cent YoY to Rs 35,183 crore for Q2FY23, against Rs 31,184 crore last year
 "SBI's Q2 net rises 74% to Rs 13,265 crore on improved interest margins")
Bank of Baroda's Q2 net jumps 58.7% aided by rise in NII, dip in provisions
Provisions of the lender declined 41 per cent YoY to Rs 1,628 crore in Q2FY23.
 "Bank of Baroda's Q2 net jumps 58.7% aided by rise in NII, dip in provisions")
Indian Bank Q2 net profit up 12% to Rs 1,225 crore in July-Sept quarter
Public sector major Indian Bank has posted a 12 per cent rise in net profit during the second quarter of the financial year to Rs 1,225 crore,
 "Indian Bank Q2 net profit up 12% to Rs 1,225 crore in July-Sept quarter")
PNB to transfer bad loans worth Rs 20,008 cr from 62 accounts to NARCL
NARCL has been set up by commercial banks to aggregate and consolidate stressed assets for their subsequent resolution
 "PNB to transfer bad loans worth Rs 20,008 cr from 62 accounts to NARCL")
PNB Housing Finance's Q2 net profit rises 12% on improving margins
Its net interest income (NII) expanded by 29 per cent YoY to Rs 649 crore in the reporting quarter.
 "PNB Housing Finance's Q2 net profit rises 12% on improving margins")
SBI Card Q2 net profit jumps 52% to Rs 526 crore on low provisions
Impairment losses and bad debts declined 8 per cent YoY to Rs 546 crore but was up 21 per cent sequentially.
 "SBI Card Q2 net profit jumps 52% to Rs 526 crore on low provisions")
BS Number Wise: Asset reconstruction companies need to rebuild
They have been losing business as the IBC process picks up pace
 "BS Number Wise: Asset reconstruction companies need to rebuild")
Bank of Maharashtra Q2 net doubles YoY to Rs 535 cr as NIM improves
Lender eyes equity offering by Q4FY23 or early FY24
 "Bank of Maharashtra Q2 net doubles YoY to Rs 535 cr as NIM improves")
RBI tightens disclosure norms on divergence in NPAs, provisions
Also makes them applicable to UCBs
 "RBI tightens disclosure norms on divergence in NPAs, provisions")
Bank NPAs loans may drop to 5% by March 2023 on economic rebound: Crisil
May even touch decadal low of 4% by March 2024; MSMEs remain vulnerable with one-fourth of recast accounts likely to turn NPAs
 "Bank NPAs loans may drop to 5% by March 2023 on economic rebound: Crisil")
Transferring 18 NPAs to bad bank by October-end a tall order: Bankers
There is no way that lenders can bypass established regulatory norms including the step of inviting counter bids under Swiss challenge method, they said
 "Transferring 18 NPAs to bad bank by October-end a tall order: Bankers")
Dhanlaxmi Bank's Rs 127-cr rights issue hits fresh roadblock at boardroom
Lender was aiming to raise Rs 127 crore for growth plans
 "Dhanlaxmi Bank's Rs 127-cr rights issue hits fresh roadblock at boardroom")
Bank of India's Q1 profit declines 22% to Rs 561 cr as provisions rise
Fall in non-interest income, rise in bad loan provisions drag down company's net
 "Bank of India's Q1 profit declines 22% to Rs 561 cr as provisions rise")
L&T Finance Holdings Q1 net up 47% to Rs 262 cr on better interest margins
Firm expects NIM plus fees to stay above 8% in FY23
 "L&T Finance Holdings Q1 net up 47% to Rs 262 cr on better interest margins")
HDFC Bank Q1FY23 results: Tracking firm's performance over last 4 quarters
In Q4FY22, the bank recorded a 22.8 per cent rise in its net profit year-on-year.
 "HDFC Bank Q1FY23 results: Tracking firm's performance over last 4 quarters")
Banks' gross NPA at 5.9%, a 6-year low, likely to improve: CARE Ratings
Even though the gross non-performing assets (GNPA) of scheduled commercial banks in India has hit a six year low of 5.9 per cent in FY22, it can improve further, said CARE Ratings in a report
 "Banks' gross NPA at 5.9%, a 6-year low, likely to improve: CARE Ratings")
Banks' Q1 net profit growth estimated at 47% as lending stays strong
According to Bloomberg's data on analysts' estimates, net profits of the 12 listed banks in Q1FY23 will grow 47 per cent YoY and shrink 7.8 per cent sequentially
 "Banks' Q1 net profit growth estimated at 47% as lending stays strong")