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Banking wrap: SBI, ICICI Bank report lesser bad loan accretion; slowdown concerns remain

Axis Bank, Kotak Mahindra Bank expect higher slippages, Bandhan Bank looks to ramp up home loan portfolio

October 27, 2019 / 09:58 AM IST
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Top lenders in India posted their second quarter results this week, with fewer additions to bad loans. However, bank chiefs expressed concerns on the impact of slowdown and delay in resolution of large accounts on the asset quality and credit costs going forward.

ICICI Bank says asset quality steady as slippages ease in Q2 

ICICI Bank said that fresh additions to bad loans had stabilized, which led to overall improvement in its asset quality. However, there was an uptick in the lender’s watchlist over concerns of an economic slowdown. The total slippages for the quarter were Rs 2,482 crore, lower than around Rs 2,800 crore in the previous quarter and Rs 3,100 crore in the same period in 2018.

SBI says fresh additions to bad loans will further ease by March 2020