In the reporting quarter, the bank has reported slippages of Rs 1,175 crore, as compared to Rs 643 crore in a quarter ago period.
Total income during the first quarter rose to Rs 590.78 crore from Rs 571.53 crore in the year-ago quarter, the CSB Bank said in a regulatory filing.
The Telangana Industrial Health Clinic Ltd is an attempt to plug the gap between the needs of MSEs who are turning or have just turned sick, and what the existing system offers by way of support
Flexibility has to be an essential element of any regulatory norm prescribed for small borrowers, or borrowers whose cash inflows happen only once a month or quarter
"There has been a reduction in gross NPAs. The NPAs – which stood at Rs 8.96 lakh crore in 2018 – have reduced to Rs 5.70 lakh crore in December 2020. Recovery of Rs 2.74 lakh crore was also made,” Anurag Thakur said while replying to a supplementary question in the Upper House.
Together these two banks account for Rs 37,382 crore or 40 percent of the total outstanding loans.
Economic Affairs Secretary Shaktikanta Das says that the National Investment and Infrastructure Fund (NIIF) is in advanced talks with various multilateral agencies and sovereign wealth funds for equity participation and expressed hope that it should materialise soon. Latha Venkatesh caught up with him and began by asking him about status of NIIF and the government's plan on non-performing assets (NPA) resolution.
"NPA resolution will involve deep haircuts. So you need ability to empower the banks or the bad banks to be able to take that haircut and you will need to provide capital to the banks because if they have to take this magnitude of haircut, they need more capital", Ashish Gupta, Head of Research-India at Credit Suisse told CNBC-TV18.
Arvind Panagariya of NITI Aayog believes that we need multiple instruments to alleviate the non-performing assets (NPA) pain.
Mahindra and Mahindra Financial Services disappointed the Street with its FY17 first quarter numbers. Profits fell 2 percent to Rs 87 crore in April-June quarter compared with Rs 89 crore in year-ago period, impacted by lower net interest income.
The house is very bullish on Torrent Power, and sees the benefits of improving gas availability flowing in for the company, said Pankaj Sharma, Head-Equities, Equirus Securities.
Hemindra Hazari recommends avoiding the entire financial intermediary space because there is still lot of pain to come but if institutional investors have to be in the space then one should look at HDFC Bank and Kotak Mahindra Bank.
Speaking on the first quarter the performance and the outlook going forward Ranjan Dhawan, MD & CEO, Bank of Baroda told CNBC-TV18 that worst seems to be over in terms of asset quality and things will only improve from here on.
N Sivaraman, president & whole-time director, L&T Finance Holding said the company has brought down the proportion of bank borrowings close to around 40 percent at the overall level.
ICICI Bank, State Bank of India (SBI) as well IDBI Bank have huge exposure to these accounts.
Private sector lender Yes Bank‘s third quarter net profit jumped 21.4 percent, higher-than-expected to Rs 415.6 crore supported by non interest income, but asset quality weakened.