PNB net profit surges 137% to ₹4,714 cr in Q2; stock rises 6%
PNB posted 2.5 times YoY increase in standalone net profit, reaching ₹4,303.5 crore for the September 2024 quarter
PNB posted 2.5 times YoY increase in standalone net profit, reaching ₹4,303.5 crore for the September 2024 quarter
As compared to 2018, when 12 banks were under Prompt Corrective Action, today no SCB is under PCA.
Aided by strong demand recovery, credit ratio rebounds to 1.33 in H2FY21, from 0.54 in H1FY21. GDP could grow at 11% in FY22, but the resurgence in Covid-19 cases is a key downside risk, says CRISIL.
While Indian banks' improved financial metrics do not fully reflect the impact of the Covid-19 pandemic, the under–capitalised PSBs are likely to remain risk averse and lose market share.
According to the RBI, the gross NPA ratio of all scheduled commercial banks may increase from 7.5% in September 2020 to 13.5% by September 2021, and even escalate to 14.8% in severe stress scenario.
With Lakshmi Vilas Bank in its fold, the foreign bank’s branch count jumps over 18 times. But the merger could also open up a potential Pandora's box.
Prashant Kumar, the bank’s administrator, echoed the words of RBI governor Shaktikanta Das that there was no cause for worry about deposits as the moratorium on withdrawals is set to end on March 18.
The beleaguered private bank’s new investors have to deal with the already declining deposit base and mounting non-performing assets.
Data reveals that the loss-making and NPA-heavy public sector banks have serious efficiency issues.
RBL Bank’s NPAs are rising and the stock is going downhill, but there are enough reasons to believe it is unlikely to end up like YES Bank.