RBI proposes new norms for banks' loan loss provisions
The central bank proposes to amend the regulations governing loan loss provisioning to incorporate a more forward looking "expected credit losses approach".
The central bank proposes to amend the regulations governing loan loss provisioning to incorporate a more forward looking "expected credit losses approach".
HDFC Bank Q4 results: The lender’s gross bad loan as a percentage of gross advances dropped to 1.17%, while net NPA ratio too fell to 0.32% in March quarter of 2022.
Worst quarterly performance in 20 quarters; net profit plunges to ₹113.8 crore from ₹1,260.36 crore a year ago due to higher provisioning.
SBI reported a loss of Rs 4,876 crore, with provisions more than doubling from last year.
Punjab National Bank reported a loss of Rs 13,417 crore in the January-March period as against a profit of Rs 262 crore in the previous year.
The bank says the 250% quarter-on-quarter increase in slippages is largely due to RBI’s new NPA recognition & resolution norms.