Banks' bad loans to touch decadal low of 4% by March 2024
Gross NPAs of Indian banks are likely to improve 90 bps to 5% this fiscal on-year, says ratings agency CRISIL
asset quality
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HDFC Bank Q4 profit jumps 23% to ₹10,055 cr; asset quality improves
HDFC Bank Q4 results: The lender’s gross bad loan as a percentage of gross advances dropped to 1.17%, while net NPA ratio too fell to 0.32% in March quarter of 2022.
Has Covid-19 made PSBs more vulnerable?
While Indian banks' improved financial metrics do not fully reflect the impact of the Covid-19 pandemic, the under–capitalised PSBs are likely to remain risk averse and lose market share.
Fitch reviews ratings outlook of four NBFCs
The credit rating agency points out that the pandemic will continue to be a spoilsport for the NBFCs it reviewed as funding remains a challenge in the current market.
Negligible Covid-19 issues in rural India: RBL Bank
RBL Bank is allocating capital to build a new line of secured housing business, and aims to carry out steps to reduce costs to protect its balance sheet in light of the changing economic environment.
SBI’s profit jumps 41% in Q3
The country’s largest public sector lender reported its highest-ever quarterly profit of ₹5,583 crore in the December quarter, led by an overall improvement in asset quality.
Brokerages give HDFC Bank a thumbs-up
The bank’s stock touched its highest level since October 3 in intraday trade on Monday on the back of good September quarter results.
SBI’s stock gains over 6% despite Q4 loss
A day after SBI reported its highest ever quarterly loss of Rs 7,718 crore, the stock gained over 6% in early trade driven by positive brokerage reports.
Next year will be that of happiness: SBI Chief
Despite posting a loss of Rs 7,718 crore for the quarter ended March, SBI said next year would be a happy one and that it would look to unlock more value from its subsidiaries soon.
