-
Seasonality from agri portfolio, unsecured loans impacted slippages, CFO Puneet Sharma said
-
The overall loan book of the Bengaluru-based lender grew 39.7 per cent to Rs 21,814 crore from Rs 15,615 crore a year ago, the bank said in a statement and attributed the same to a 20 per cent increase (3.28 lakh new customers) in the borrower base and better collection efficiency, which rose to 98.7 per cent.
-
The share of retail credit has expanded to 31.2 percent in FY23 from 26.1 percent in FY19 for NBFCs. Retail loans grew at a scorching 31.3 percent in FY23 even as overall loan growth was 16.1 percent
-
We have done with our growth and asset quality. There is no worry on that front for three, four years, and completely from the current year, the focus will be on profitability. And you can see in the last two quarters there is a reduction in the operational expenditure, says Bhutada.
-
The gross bad loans of scheduled commercial banks reduced to 4.5 percent as of December 31, 2022 from 6.6 percent in the year-ago period
-
The bank has set a bad loan recovery target of Rs 2,000 crore and sees gross NPA and net NPA ratios falling below 9 percent and 2 percent in FY23, Swarup Kumar Saha has said
-
Apart from maintaining asset quality, South Indian Bank is also expecting to clock 12-13 percent credit growth in FY23, said Managing Director Murali Ramakrishnan
-
As inflation threatens to increase MSMEs input costs and the RBI’s COVID-related forbearance comes to an end, banks’ non-performing assets and slippages in the MSME segment are expected to inch higher in the coming quarters, say experts
-
IDBI Bank is looking to bring down gross bad loan ratio to below 14 percent by March 2023 and below 10 percent by March 2024, Sharma has said
-
Moneycontrol's M Saraswathy explains why LIC's gross NPA in debt portfolio at an all-time high is a serious cause of concern.
-
Chairman and Founder of Capital First, V Vaidyanathan says that although demonetisation did have an impact on the economy, it did not collapse businesses.
-
ecoding the numbers both Rajiv Mehta of IILF and Siddharth Purohit of Angel Broking were not shocked with the rise in gross non-performing loans but would look forward to management commentary on resolution of NPAs
-
Finance Minister Arun Jaitley had some reassuring words on NPAs when he said bad loans have reached the peak and expressed confidence that situation
will get better with improvement in six sectors under stress
-
"All of them are suffering from stressed assets. They are across infrastructure sectors. But each bank has a strategy to resolve which would be different from every other bank. That is what we discussed," he said after a day-long meeting with heads of PSU banks here.
-
Central Bank of India on May 13 reported a net loss of Rs 898 crore for the March quarter on account of surge in bad loans
-
State-run Punjab & Sind Bank today reported a profit of Rs 98.12 crore for the March quarter despite increase in bad loans.
-
On account of increased provisions for domestic and overseas advances including provision made for asset quality review, as per the RBI direction, resulted in net loss, IOB said in a statement.
-
The gross NPAs of the company declined to Rs 1,043.67 crore, as against Rs 1,060.88 crore as of September 2014-15.
-
This is the second large PSU quoting a loss this quarter, says Jignesh Shial of IDBI Capital Markets. He says on the asset quality front, there was expectation of some deterioration, but gross NPA at 5.4 percent is too much and the stock is likely to react.
-
N Kamakodi, MD & CEO, City Union Bank, discusses company's performance for the fourth quarter and future outlook.
-
Jignesh Shial, research analyst at IDBI Capital Markets said the numbers seem okay. He said the bank‘s profit took a hit on higher provisioning. At an operational level, the performance seems stable, he told CNBC-TV18.
-
DCB Bank has reported its fourth quarter (January-March) numbers. Net profit climbed 61.5 percent to Rs 63 crore during the quarter from Rs 39 crore in the previous corresponding quarter.
-
According to sources, the Finance Ministry has urged RBI to tighten the norms and monitoring system so that activities like fund diversion could be prevented.
