Banks back with a bang; profit is 2.4x of FY20, but how...
Lower provisioning, higher credit growth, lesser incremental slippages, and reduction in restructured assets led to higher profit for banks
Lower provisioning, higher credit growth, lesser incremental slippages, and reduction in restructured assets led to higher profit for banks
Net write-off loans by private sector banks was ₹73,803 crore in FY 2022-23
Gross NPA ratio for SCBs in India was 4.41 per cent in December 2022, down from 5.8 per cent in March 2022, says Das
Housing loans account for more than 48% of personal loans for banks as of December 2022, as per the RBI data.
During the same period, the share of private sector banks nearly doubled to 36.9%, shows RBI data.
The central bank unveils liquidity facility of ₹50,000 crore for access to emergency health services, and ₹10,000 crore for small finance banks’ on-lending, among a slew of measures to fight Covid-19.