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HFCs likely to grow at 8-10% in FY22: Icra
The disruptions caused by Covid-19 moderated the portfolio growth to 6% in FY 2021
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Moody’s sees 50% hike in NPAs of public sector banks in next two years
Retail and SME loans are particularly vulnerable as Covid-19 has hit the income of households and small businesses.
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AU Small Fin Bank posts 15% rise in net profit to Rs 203 crore for June quarter
Its total income during April-June 2021 rose 11% to Rs 1,538 crore, compared with Rs 1,410 crore in the year-ago period
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Banks NPAs decline to Rs 8.34 lakh crore at March-end 2021
Non-performing assets of banks have declined by Rs 61,180 crore to Rs 8.34 lakh crore at the end of March 31, 2021
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Banks’ gross NPAs may rise to 9.8% by March 2022: RBI
Seeking to allay concerns, the RBI further said that the banks have sufficient capital, both at the aggregate and individual levels
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Bank of Baroda to sell 46 NPA accounts to recover Rs 597 crore
Bank of Baroda said it intends to sell these NPA accounts to ARCs/banks/NBFCs or other financial institutions on 100% cash basis, for which the e-auct
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Banks, NBFCs need to augment their capital: RBI Governor Shaktikanta Das
RBI Governor Shaktikanta Das said he was confident that the non-performing loans of banks will be within the projections made in its Financial Stabili
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Non-banks’ NPAs may rise to 4.5-5% by March 2022: ICRA
We expect the non-bank reported NPAs to increase to about 4.5-5% by March 2022 vis a vis about 4% in December 2020, ICRA said
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Kotak Mahindra Bank profit rises 36% to Rs 2,589 crore in March quarter
The total income rose to Rs 16,175.87 crore during the fourth quarter from Rs 12,084.71 crore in the year-ago period
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YES Bank shares slip over 4% post Q4 results
On the asset front, the bank's gross non-performing assets (NPAs) as of March 31, 2021 stood at 15.41% of the gross advances, slightly down from 16.80
