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NPA FORMATION
Rupee can hit 100, balance of payments already under stress: Diviya Nagarajan, UBSIndia faces mounting economic challenges, with UBS warning of a potential rupee slide to 100 and a $50 billion balance of payments stress. ...- Better recoveries, low slippages pull down PSU banks write-offs to multi-year lows in FY26Public sector banks in India saw loan write-offs fall to multi-year lows in fiscal year 2025-26. This positive trend is attributed to fewer...
- Bajaj Finance shares jump 4% after strong Q4 results. Why Jefferies, Morgan Stanley and others are bullishBajaj Finance shares rose up to 4.2% after the company reported a 22% YoY jump in Q4 net profit to Rs 5,553 crore. AUM crossed Rs 5 lakh cr...
- JPMorgan upgrades PNB to overweight, sees 26% upsideHowever, JPMorgan estimated earnings to remain under pressure in F23/24 as the company catches up on back book provisioning. This keeps the...
- IndusInd Bank Q1 up 61% on loan growth, fall in provisions"The quarter saw turbulent operating environment and interlinkages of inflation, reversal of accommodative monetary policy, Russia-Ukraine ...
- Future Retail's independent directors seek Rs 3,500 crore loan from AmazonAmazon, embroiled in a legal tussle with Future over plans to sell its assets to Reliance Retail, earlier this week opposed FRL's plans to ...
- Lenders look to sell Future Retail's small stores to recover over Rs 3,000-crore duesBanks led by the State Bank of India may soon invite expressions of interest for the small format chains - Easyday in Northern India and He...
- Bandhan Bank Q3 results: Net profit falls 13% on higher provisionsThe Kolkata-based private lender reported its net profit at Rs 633 crore as against Rs 731 crore for the year ago period.
- RBI lays down stringent dividend distribution formulae for NBFCsRBI said that deposit taking NBFCs and systemically important non-deposit taking NBFCs should have CRAR of at least 15% for the last three ...
- Sell Union Bank of India, target price Rs 26: Emkay GlobalThe brokerage has introduced merged financials and expects the bank to report negative RoA of -0.2 per cent due to the merger and Covid-19-...
- Stock Idea: Emkay Global has hold rating on Axis Bank, target price Rs 520Factoring in lower growth, continued higher corporate NPA formation and expected acceleration in retail/SME stress due to Covid-19’s impact...
- Q2 numbers hint worst could be over for banks on NPA frontPNB, for instance, saw slippages fall to Rs 3,500 crore from Rs 6,649 crore in the previous quarter.
- Good job in 3 years! Yet Modi’s report card has four big blotsGST bill and power and banking sector reforms have been seen as drivers of the economy.
- PSU banks write off Rs 1.54 lakh crore bad loansBanks wrote off NPAs of Rs 56,012 crore during 2015-16, Minister of State for Finance Santosh Kumar Gangwar said in a written reply to the ...
- Indian banking outlook stable; new NPA formation slow: Moody'sIndia's banking system is moving past the worst of its asset quality down cycle, supporting its stable outlook for the sector over the next...
- Urjit Patel will ensure continuity at RBI: SS MundraMundra said the Resrve Bank is preparing a framework for peer to peer (P2P) lending to facilitate availability of finance to MSMEs.
- Pace of new bad loan formation has decelerated: RBIS S Mundra also said most of the banks are adequately capitalised and the government has promised additional capital if they require.
- Top 5 takeaways from PNB Q3 results; stock falls over 6%PNB plunged over 6% in afternoon trade on Tuesday after its net profit nosedived to Rs 51 crore in the quarter ended December 31.
- ICRA lowers NPA estimate as stressed asset formation slowsICRA lowered its estimated gross NPA for March 2016 to 5%-5.5% from 5.3%-5.9% noting a moderation in the new stressed asset formation this ...
- Rating agency Icra sees NPAs soaring by up to 150 bps to 5.9% this fiscalThe rising NPA estimate for FY16 is primarily driven by a greater proportion of assets restructured in the past slipping into NPAs again, I...
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