GNPAs

India Ratings in a report on Tuesday said these factors, along with rising inflation rate, will impact borrowers cash-flows, which will also hit the asset quality marginally

According to estimates by rating agency CARE Ratings, the write-offs by PSBs in April-December 2022, at Rs 81,000 crore, were lower than the Rs 90,000 crore in April-December 2021

S K Saha, managing director and chief executive of the bank, said the lender is trying to create an image of a niche bank

Stress test show banks capable of absorbing shocks without capital infusion

Indian banks' gross non-performing assets declined to 5.8 per cent, but the present macroeconomic environment can impact lenders' health, the Reserve Bank said on Tuesday. The GNPAs, which touched a peak in FY18 following the asset quality review, have been declining sequentially to reach 5 per cent in September, the RBI said in the 'Trends and Progress of Banking in India' report for FY22 released on Tuesday. The number stood at 5.8 per cent in March 2022, according to the report which also had a strong commitment by the RBI to be not complacent, given the present environment. "Although presently the Indian banking sector remains robust and resilient with improved asset quality and strong capital buffers, the policymakers remain mindful of dynamically evolving macroeconomic conditions that may impinge on the health of regulated entities," the report said. The decrease in the GNPAs was attributed to lower slippages and also a reduction in outstanding GNPAs through recoveries, ...

Impairments on financial instruments double YoY; income from operations almost flat at Rs 2,229.7 cr

'It has been in the range of 20-30 per cent in almost every quarter'

The lender's net interest income improved 12.83 per cent YoY to Rs 35,183 crore for Q2FY23, against Rs 31,184 crore last year

Provisions of the lender declined 41 per cent YoY to Rs 1,628 crore in Q2FY23.

Public sector major Indian Bank has posted a 12 per cent rise in net profit during the second quarter of the financial year to Rs 1,225 crore,

NARCL has been set up by commercial banks to aggregate and consolidate stressed assets for their subsequent resolution

Its net interest income (NII) expanded by 29 per cent YoY to Rs 649 crore in the reporting quarter.

Impairment losses and bad debts declined 8 per cent YoY to Rs 546 crore but was up 21 per cent sequentially.

They have been losing business as the IBC process picks up pace

Lender eyes equity offering by Q4FY23 or early FY24

Also makes them applicable to UCBs

May even touch decadal low of 4% by March 2024; MSMEs remain vulnerable with one-fourth of recast accounts likely to turn NPAs

There is no way that lenders can bypass established regulatory norms including the step of inviting counter bids under Swiss challenge method, they said

Lender was aiming to raise Rs 127 crore for growth plans

Fall in non-interest income, rise in bad loan provisions drag down company's net