Heard on the street: Mumbai PSU Bank may see sharp rise in bad loans in Sept quarter

Speculation is rife that a Mumbai-headquartered large public sector bank, which reported almost a 200% jump in fresh non-performing assets (NPAs) in the April-June quarter, could once again see a sharp rise in bad debt in the second quarter. The buzz is that this bank could report slippages of almost 1,800 crore in the July-September quarter. Analysts said, however, a higher NPA this quarter would be surprise the market, as banks have already warned investors of slippages in the period.


Contributed by Nishanth Vasudevan