However, large advances in the SMA-0 (special mention accounts) category registered a quantum jump (155.6 per cent) over the previous quarter and 245.6 per cent over March 2020 levels
Says banks will have to adapt and adjust to the rapidly evolving economic landscape and entry of niche players and emerging financial technologies
Lender expect credit growth to be 8-10 % this fiscal
Care Ratings expects 4-5 per cent of the existing loans to be stressed and opt for restructurings through the course of the year
Lower provisions support the better Q1 show; net profit up almost 3.5x to Rs 843 cr
Bank says will dispose properties in many other cases as well, but does not elaborate on borrowers against whom such action is underway
To offload 4% stake in ICICI Securities. Made Covid-19 related provisions of Rs 5,550 cr in the quarter
Nationwide lockdown to contain the pandemic may force more business to default on loans, say analysts
Full-year PBT doubles to Rs 256.26 crore from Rs 127.18 crore
PNB Housing's fund-raising ability has remained intact over the last 6-9 months and it is continuing to maintain high on-balance liquidity.
Net interest income up 24% to Rs 4,118 cr; GNPAs at same level as last year
The report said lending to micro, small and medium enterprises has increased for smaller borrowing size and lower duration borrowers, it said
On the profitability front, public sector banks profitability ratios were muted because of weak credit growth as well as slow resolution of bad assets.
For majority of the sectors, average risk weight (loan exposure of banks) has declined between March and September 2019
Gross NPAs of private sector banks were just 2.70 per cent of gross advances during the FY16
It signifies an increase of Rs 79,977 crore in NPAs in 2nd quarter over the first one, says Santosh Kumar Gangwar Minister of State for Finance
The possibility of NPAs to subsequently improve to 5.2% by March 2017