Page 3 - Non Performing Assets

Despite 22% jump in 3 months, analysts see more upside in Nifty PSB index

Among individual shares, Bank of Baroda, Canara Bank, State Bank of India, Indian Bank, and Union Bank of India soared between 21 per cent and 34 per cent during the period

PSBs recover Rs 6.42 trn NPAs, written off loans since from FY15 to FY22

From FY16 to FY21, the central government has infused Rs 3.36 trillion of capital in PSBs, while banks have raised an additional Rs 2.99 trillion from the markets

PNB raises asset quality guidance, aims to lower net NPA to 3.5% by March

Gross NPAs reduced to 11.27% in April-June quarter from 14.33% a year ago; eight accounts worth Rs 2,486 cr will be transferred to NARCL

Bajaj Finance's first-quarter net profit surges 159% y-o-y to Rs 2,596 cr

Shares of the company closed at Rs 6,393.75 - up 2.14 per cent from the previous days' close

Frauds reported by PSBs decline to Rs 3,204 cr in FY22: MoS Finance

In 2020-21, PSBs reported 4,680 fraud cases of Rs 7,306 crore, which declined to 2,369 cases corresponding to Rs 3,204 crore in 2021-22, he added.

Bandhan Bank Q1 net profit doubles to Rs 887 cr due to decline in bad loans

Total income increased to Rs 2,844.1 crore from Rs 2,731 crore. Interest income of the lender jumped to Rs 2,514.4 crore from Rs 2,114.1 crore, Bandhan Bank said in a regulatory filing.

Federal Bank's Q1 net jumps 64% to Rs 601 cr in best-ever quarterly show

Stronger bottomline supported by lower provisions and healthy NII

Lenders tag Bajaj Hindusthan as NPA, debt recast plan under discussion

Bajaj Hindusthan has defaulted to banks, UP farmers; says restructuring proposal is in accordance with RBI circular of June 7, 2019

YES Bank's plan to sell Rs 12,000-cr bad loans to ARC faces delay

RBI wants the bank to avoid any conflict of interest with the ARC as YES Bank plans to hold a minority stake in the same ARC

Banks' gross NPA drop below 6% in March 2022, lowest in six years

Health of the sector is encouraging: Deputy guv

Early assessment of banking sector health encouraging: RBI deputy guv

"The asset quality of banks has improved and the gross NPAs and net NPAs of the banks have improved from the pre-pandemic levels," Rao said

City Union Bank Q4 net jumps 88% to Rs 209 cr on less bad loan provisions

The bank trimmed its bad loans proportion with the gross non-performing assets (NPAs) declining to 4.70% of the gross advances as of March 31, 2022, as against 5.11% in the year-ago period

Tamilnad Mercantile Bank's Q4 net rises 36%, total income increases 9%

Tamilnad Mercantile Bank's Q4 result: The total interest earned increased 6.23 per cent to Rs 3,833.86 crore for FY22 as compared to Rs 3,609.05 crore for the previous year

Best of BS Opinion: Damaging India's credibility, cost pressure, and more

Here are the top BS Opinion articles of the day

NPA: A monster created by RBI's forbearance?

In August 2008, the RBI allowed banks to restructure bad debt. It was a one-time measure put in place till June 30, 2009, but the forbearance ended almost a decade later

Canara Bank standalone net profit jumps 65% in Q4 to reach Rs 1,666 crore

The Bengaluru-based bank registered a 65 per cent jump in its Q4 standalone net profit

Kotak Mahindra Bank's consolidated net rises 50% to Rs 3,892 cr in Q4FY22

The lender's net interest income increased 18% YoY to Rs 4,521 crore, aided by a loan growth of 21%

Moody's maintains 'stable' outlook for Indian banks on recovering economy

It said that the global economic fallout from the Russia-Ukraine military conflict will create some risks

CreditAccess Grameen's loan book grows 22% in FY22; adds 500,000 customers

CreditAccess Grameen Ltd: The collection efficiency including that from arrears was 96% in March 2022.

NARCL: Procedural delays led to non-transfer of Rs 50k-cr NPAs by Mar 31

Non-performing assets worth Rs 50,000 crore could not be transferred to the National Asset Reconstruction Company Ltd by March 31 due to "procedural delays", a senior bank official said on Wednesday