On July 19, the state-owned lender reported a 13.68 percent on-year rise in its profit after tax to Rs 3,679 crore in the first quarter of the current financial year.
Gross non-performing assets (GNPA) ratios of urban cooperative banks (UCBs) have worsened for both scheduled urban cooperative banks (SUCBs) and non-scheduled urban cooperative banks (NSUCBs) in September 2022
According to a regulatory filing, there was divergence of Rs 105 crore in bank's gross non-performing assets (NPAs) with the bank reporting it to be at Rs 45,605.40 crore.
The gap between gross NPAs reported and proforma GNPAs is 57 bps.
Total loan exposure to India's over USD 100-billion steel industry, the world's third largest, is about Rs 3.13 lakh crore.
In an interview with CNBC-TV18, Melwyn Rego, MD and CEO of BOI said that net addition to gross non-performing assets (GNPAs) is around Rs 388 crore and sees FY17 slippages to be at Rs 17,500 crore.
The gross non-performing assets of scheduled commercial banks have zoomed 10 times in the last ten fiscal years. In FY16, the stressed assets of these banks were a whopping Rs 5.41 lakh crore. Rewind a decade. It was a mere Rs 51,000 crore in FY06.
The bank's slippages in the June quarters stood at Rs 5,330 crore and the restructured book at Rs 14,000 crore, says Atul Agarwal, ED, IOB.
"The amount outstanding for top 100 borrowers of public sector banks as on March 31, 2016 was Rs 13,71,885 crore," Minister of State for Finance Santosh Kumar Gangwar said in a written reply to Rajya Sabha.
For the financial year ending March 31, 2016, total income was at Rs 6,150.21 crore.
India Inc is witnessing gradual unwinding of corporate leverage, but the "strain" on the banking sector is likely to remain for the time being, says a DBS report
State-owned Punjab National Bank has waived processing fee and documentation charges for new housing and car loans till September-end
Net interest margin (NIM) stood at 4.35 percent in Q1. Its gross non-performing assets (NPA) was at 2.36 percent versus 2.3 percent on a sequential basis.
Assets under management (AUM) stood at Rs 7676 crore, up 84 percent year-on-year (YoY), while the gross non-performing assets (GNPA) decreased to Rs 4.1 crore against Rs 6.3 crore sequentially.
Gross Non Performing Assets (NPAs) of public sector banks (PSBs) increased from Rs 2,67,065 lakh crore in March last year to Rs 3,61,731 lakh crore in December.
The agency noted that while improvements in policy making have raised prospects for a stronger economic and fiscal performance, there is need for action on other fronts to improve the weakness in asset quality, which it termed as a "risk".
The Bank had registered a net profit of Rs 103.53 crore in the same July-September period of previous fiscal 2014-15. Total income of the bank increased to Rs 5,308.08 crore during the quarter under review, from Rs 5,256.62 crore over the same period of 2014-15.
A Credit Suisse report is primarily aimed at telling investors not to look for bad loans only at the Gross Non-Performing Assets (GNPA) number. Now they are disguised in several other buckets.
The bank had reported a standalone net profit of Rs 227.21 crore in the corresponding quarter of last fiscal.
Non-performing assets of state-owned banks have increased marginally to 2.31% as on March 2011, over the previous fiscal, Parliament was informed today.