REC‘s restructured book has had no new loan additions during the quarter says Ajeet Kumar Agarwal, Director-Finance of REC while sharing details on the second quarter results with CNBC-TV18.
Gross non-performing asset (NPA) below 10 percent will be positive
Vijaya Bank currently has five accounts under strategic debt restructuring (SDR) totaling Rs 400 crore and the bank has already started provisioning for these as a matter of prudence, says Kishore Sansi, MD & CEO.
In an interview to CNBC-TV18 after reporting the fourth quarter results, VG Mathew, MD & CEO of South Indian Bank said, slippages are mainly from large corporate book, which have gradually been substantially cleaned up.
Romesh Sobti, MD and CEO, IndusInd Bank, says not just on the profit front, the bank's loan growth too rose 23 percent versus industry growth at 9.3 percent.
Vaibhav Agarwal of Angel Broking says on the asset quality front, the bank has reported good numbers. It indicates that like its third quarter, in the fourth quarter too SBI did good recovery and upgrades, he says.
Worsening asset quality is a worry indeed, but Jignesh Shial, research analyst, IDBI Capital Markets says what is more worrying is that these banks are not growing, putting pressure on margins as well.
SS Mundra, Chairman, Bank of Baroda expects slippages to go down even in the next quarter and then the period of more or less normal slippages will come.
Jammu and Kashmir Bank declared a special dividend of 500 percent and is eyeing 20 percent growth going ahead.