GNPA

The bank grew its total loans by 15% on year to Rs 3.48 lakh crore. It grew only 1% sequentially as loan growth in the microfinance book fell by more than 5% while growth in credit cards was almost flat. Corporate loans were up 12.8% on year to Rs 1...

Axis Bank witnessed a sequential decline in asset quality metrics for the June quarter due to seasonal effects on agriculture business. Gross non-performing asset ratio rose to 1.54%. Net profit marginally increased to Rs 6,035 crore as provisions d...

NARCL started operation in January 2022 and acquires bad loans from banks, by paying 15% of the amount in cash and the rest in security receipts (SRs) which are to be matched with recovery over time. These SRs are guaranteed by the government, valid...

Kotak Mahindra Bank's first-quarter FY25 financial report shows a remarkable performance, with a PAT of Rs 6,250 crore, an 81% increase YoY, largely due to divesting its stake in Kotak General Insurance. Excluding this gain, PAT stands at Rs 3,520 c...

The bank's net interest income went up from Rs 807.77 crore to Rs 865.77 crore, up 7.18 % on a year-on-year basis. Gross advances grew by Rs. 8,478 crore from Rs. 74,102 to Rs. 82,580 Crore, up 11.44 percent on a year-on-year basis.

The Reserve Bank of India reported that Indian banks' gross NPA ratio reached a multi-year low of 2.8%, with net NPA at 0.6% by March 2024. The global economy faces risks from geopolitical tensions and high public debt, but India's financial system ...

JSFB provides micro financing, secured business loans, loans against property, micro, small and medium enterprises loans, loans against deposits and gold, and loans to finance companies. The bank strives to reduce reliance on unsecured loans by expa...

Public sector lender Punjab National Bank (PNB) on Thursday reported a 160% year-on-year (YoY) surge in Q4 net profit at Rs 3,010 crore, while the net interest income (NII) rose to Rs 10,363 crore in the quarter, rising 9% YoY.

CEO K Satyanarayana Raju said the bank expects to deliver 11-12% loan growth in the current fiscal year despite conscious efforts to shed low-yielding corporate loans.

Indian Overseas Bank to e-auction 92 non-performing loans worth Rs 13,471.68 crore. Loans include consortium arrangements, NCLT cases, sole banking ventures. Gross NPA reduced to 3.90% by December 31, 2023.

Federal Bank declined to comment on reports of KVS Manian as MD & CEO candidate, emphasizing their search for the best candidate, internal or external. Manian, a former Kotak Mahindra Bank executive, is speculated for the role. Federal Bank reported...

The gross non-performing assets (GNPA) of the Indian banking system are set to improve further to up to 2.1 per cent by the end of FY25, a report said on Friday. GNPAs are likely to come at 2.5-2.7 per cent in FY24 and will improve further to 2.1-2....

A recent RBI research delves into the empirics of retail credit growth and concludes that the quality of retail loan portfolio is healthy across banks, product categories, and borrower risk classes, even as growth continues to surge.

Mangaluru-based Karnataka Bank recorded a net profit of Rs 1,032.04 crore for the nine months of the financial year ending December 2023, a 25% YoY growth. The bank's Q3FY net profit stood at Rs 331.08 crore, a 10.11% increase YoY. The board of dire...

Karnataka Bank reported the December quarter NII at Rs 827.60 crore down by 0.86% from Rs 834.76 crore reported in the year-ago period. Meanwhile, the NIMs were lower by 35 bps at 3.46% for the October-December quarter versus 3.81% reported in Q3FY2...

I think we had a very good quarter two. We stick to our book growth guidance of 17 to 18%. So as I mentioned earlier, first we will catch up with disbursement and then the book growth would follow.

Credit growth in the banking system is expected to moderate to 12.1-13.2% in the current fiscal, down from 15.4% in the previous year, according to rating agency Icra. The agency also predicts a decrease in the Gross Non-Performing Assets (GNPA) rat...

The consolidated balance sheet of Indian banks saw double-digit growth in 2021-22, after a gap of seven years, said the Reserve Bank of India in its report on the Trend and Progress of Banking in India 2021-22. "​​With global growth set to deteriora...

ank credit rose 16.2 percent to Rs 125.5 lakh crore as of September 9'22 over last year's levels. This is reckoned to be the highest growth in more than eight years and more than double the pace of 6. per cent growth in September'21. Analysts attrib...