Asset Quality Review

Asset quality pressures intensifying in India, emerging markets: Fitch

Lower interest rates, robust economic conditions to bolster near-term asset quality

What sparked 6% jump in UCO Bank share price on October 21?

UCO Bank shares jumped after the company reported healthy Q2FY25 results. The bank's net profit jumped 50 per cent year-on-year (Y-o-Y) to Rs 602.7 cr in Q2FY25, from Rs 401.7 crore in Q2FY24

Suryoday SFB share price slip over 3% after Q2 asset quality deteriorates

The fall in the share price of Suryoday SFB was triggered by weak asset quality in the September quarter (Q2FY25).

NBFCs diversify funding sources amid increased lending risk weights

The asset quality of government-owned NBFCs and non-government-owned middle layer NBFCs focused on the retail line of business was also higher

Spandana Sphoorty stops onboarding customers with no prior credit history

Heat wave, Lok Sabha polls hit collections, asset quality in Q1

CLSA thinks pvt banks may outperform PSBs ahead; check reasons, top picks

CLSA expects private sector banks, which have been stock market laggards over the past few months, to give better returns ahead, given a good business outlook and inexpensive valuations

Steady NIM, credit costs may drive SBI's re-rating in near-term: Analysts

Worries about the impact of relatively lower capital adequacy levels, comfort of loan mix due to presence of unsecured loans, and NIM contraction cycle have been weighing on the stock

Indian Overseas Bank Q2 results: Net profit rises 25% to Rs 627 crore

During the period under review, the bank's total income rose 19 per cent to Rs 6,941.5 crore compared to Rs 5,854 crore during the same quarter last fiscal

Poonawalla Fincorp reports 77% jump in net income at Rs 230 cr for Sept qtr

Poonawalla Fincorp on Friday reported a 77 per cent on-year jump in net income at Rs 230 crore for the September quarter driven by record loan sales and an improvement in asset quality. The Cyrus Poonawalla group company said this is the highest ever quarterly profit, which came on the back of the highest-ever quarterly disbursement that jumped 151 per cent to Rs 7,807 crore, taking the overall loan book to Rs 20,215 crore, which recorded a 54 per cent on-year growth. The record profit is driven by record loan sales and improvement in asset quality. Net bad loans declined to 0.72 per cent and there was a 106 bps rise in the key net interest margin to 11.42 per cent, the managing director Abhay Bhutada said in a statement. The gross Non-Performing Assets (NPAs) declined by 41 bps to 1.36 per cent, net NPAs improved by 22 bps to 0.72 per cent, the company said. The net interest margin jumped to 11.42 per cent, gaining 106 bps over the trailing 12 months period, leading to better ...

Indian Bank Q4 net profit up 48% to Rs 1,520 crore as NII rises 29%

Board recommends dividend of Rs 8.60 per equity share, clears plan to raise equity capital

AU Small Finance tumbles 5% in 4 sessions; what should investors do?

Last week, reports claimed that the Reserve Bank of India has raised concerns about the rapid rise in advances at AU Small Finance Bank

Asset quality of Indian banks will be stable in 2023, says Moody's

The asset quality of Indian banks and those in Southeast Asian countries will be stable in 2023, said Moody's Investors Service in its latest report on the banking sector in emerging markets

Excess credit growth to limit Indian banks' loss-absorbing ability: Fitch

Rating agency warns capital base of PSBs may come under greater strain

Five-Star Business up 3.4% on debut as Rs 684 cr worth of shares are traded

Listing day gains come despite lukewarm response to IPO

PSBs' Q2 net profits zoom 50% YoY on steady rise in interest income

Strong loan growth, rising lending rates give the boost

BOI Q2 net down 8.65% YoY on rise in provisions for standard assets

Earnings, asset quality profile improve for public sector lender

PNB Q2 net profit slips 63% to Rs 411.3 crore as NPA provisions rise

PNB's total income during July-September 2022 was Rs 23,001.3 crore as against Rs 21,262.3 crore a year ago

PNB Housing Finance's Q2 net profit rises 12% on improving margins

Its net interest income (NII) expanded by 29 per cent YoY to Rs 649 crore in the reporting quarter.

SBI Card Q2 net profit jumps 52% to Rs 526 crore on low provisions

Impairment losses and bad debts declined 8 per cent YoY to Rs 546 crore but was up 21 per cent sequentially.

Bank does not foresee asset quality challenges, rumours baseless: RBL Bank

The bank's gross non-performing assets (NPAs) and net NPAs were 4.4% and 1.3%, respectively, at the end of the March quarter, with a provision coverage ratio of 70.4%