Bad Loan

Punjab & Sind Bank Q2 profit up 27% to Rs 278 cr on reduction in bad loans

Public sector lender Punjab & Sind Bank on Saturday said its net profit rose 27 per cent to Rs 278 crore in the second quarter of FY23 on the back of reduction in bad loans. The bank had reported a profit of Rs 218 crore in the year-ago period. Total income of the bank during the July-September quarter of FY23 rose to Rs 2,120.17 crore against Rs 1,974.78 crore in the corresponding period of FY22, Punjab & Sind Bank said in a regulatory filing. The bank's gross non-performing assets (NPAs) declined to 9.67 per cent of the gross advances at the end of September 2022 from 14.54 per cent during the same period a year ago. In value terms, the gross NPAs (bad loans) of the Delhi-headquartered bank stood at Rs 7,128.45 crore by the end of Q2FY23, as against Rs 9,822.80 crore in Q2FY22. Net NPAs also came down to 2.24 per cent from 3.81 per cent in the second quarter of previous year. As a result, the bank's provisions for bad loans and contingencies declined to Rs 125 crore for the .

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Dhanlaxmi Bank Q1 profit tumbles 69% on higher bad loan provisioning

Private sector Dhanlaxmi Bank on Monday posted a 69 per cent decline in its net profit at Rs 6.09 crore for the first quarter ended June 2020 due to higher provisioning.

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The government is discussing increasing timeline by 30-60 days to classify a loan as a bad loan, the source said

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The RBI in December 2019 noted that private sector banks accounted for 69 per cent of incremental loans in 2018-19

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The failure to slash stressed assets is undermining India's efforts to revive economic growth that has cooled to a six-year low

Bond bonanza to help Indian banks battle world's worst bad loan ratio

The windfall treasury profits come as a relief for lenders staring at a potential surge in bad loan provisions due to a slowing economy and a cash squeeze in the nation's shadow banking system

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According to the report, close to 40 per cent of the gross credit exposure of Indian banks is in sectors where water risks are significant

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