Asset quality stress seems to have peaked; operating efficiency set to improve
LICHF’s asset quality has come under pressure with sharp rise in stage 3 assets and restructured loans
The bank's net NPA were at 0.99 percent which are lowest ever reported in the last six years. Sandeep Batra, Executive Director at ICICI Bank said they will focus on growing in all segments and grow in a risk calibrated fashion.
SBI Card trades at a premium valuation as the Street ascribes the valuation of a consumption company to the stock
With the financial sector looking relatively upbeat now, we expect the SBI stock to outperform
The bank's non-performing asset (NPA) improved to 3.72 percent from 3.85 percent in the last quarter. Its net NPA was at 1.89 percent compared to 2.11 percent (Q-o-Q).
Ghosh said the bank‘s restructured loan pipeline is around Rs 400 crore, and there were fresh slippages of around Rs 200 crore during the December quarter
“Slippages in this quarter have been Rs 1,300 crore. However the most difficult part is over,†Sushil Muhnot CMD, Bank Of Maharashtra said in an interview with CNBC-TV18.
In an interview with CNBC-TV18‘s Latha Venkatesh, the bank‘s chairman M Narendra spoke about its financials, strategy going forward and how the bank is focused on bringing down its non-performing assets.
Indian Bank‘s fresh slippages in the third quarter stood at Rs 531 crore against Rs 700 crore quarter-on-quarter.
Bulk of the restructuring has happened over the last four-six quarters. So whatever plays out is going to play out in 2015-16 and Srinivasan Varadarajan, ED, Axis Bank believes that around 25 percent of restructured loans slipping into NPAs is something which is realistic to assume.
There could be steep increase in the reported non-performing asset (NPA) percentage from 3.3 percent as on March 2013 to as high as 5.5-6.5 percent as on June 30, 2015, rating agency ICRA said.
Union Bank today announced its fourth quarter earnings. It posted a 40 percent growth in net profit at Rs 71.98 crore against Rs 51.40 crore in the corresponding previous period.
Getting loans from banks is all set to become tougher if a company has defaulted. The RBI is preparing to almost obliterate restructuring of loans from 2015. Restructured loans will be considered non-performing loans (NPL) starting April 2015.
Global rating agency Fitch today said RBI proposals on treatment of restructured loans would increase transparency and be positive for the Indian bankingsystem amid economic slowdown.
Large corporate exposures to form a sizeable portion of restructured loans, says CRISIL Ratings
CNBC-TV18 caught up with HD Khunteta, director of finance, REC; Harshvardhan Dole, power analyst at IIFL and SK Tuteja of the Shunglu Committee for a discussion on the 37% power tariff hike that Tamil Nadu has taken for the first time in nine years.
The Reserve Bank of India is not considering any special dispensation related to provisioning norms for banks' non performing loans in a forthcoming meeting with bankers, said K.C. Chakrabarty, a deputy governor of the central bank.
CNBC-TV18 has learnt that in FY12, SBI will make another Rs 4,000 crore provisioning, following the previous quarter's provisions. Only, this time, the profit may be a lot better, reports Vidhi Godiawala
The RBI on Tuesday tightened the provisioning requirement for banks on certain types of bad and restructured loans as part of its prudential provisioning framework.
The Reserve Bank of India has temporarily relaxed asset classification rules for bank loans to the microfinance sector, a move that it said will allow them to continue lending to the industry.