Lenders that hold more than Rs 5 trillion in deposits are weaker after the pandemic
The government has instructed public sector banks (PSBs) to focus on written-off loans, a senior official said
Indian banks are likely to see a 90 basis points fall in gross non-performing assets (NPAs) to 5% in this fiscal year to March and further improve to 4% by end of March 2024, rating agency Crisil said
Asset quality of banks is likely to worsen during the first six months of 2021, according to a survey
Rating agency says moratorium extension, easing of working capital loan limits
Resolution delays coupled with rising provision cover on large legacy bad loans (nearing 90 per cent) could mean that loan write-offs will continue to be high, particularly for state-run banks
The bank had posted a net profit of Rs 356.55 crore during the corresponding July-September period of last fiscal ended March 31, 2019
The failure to slash stressed assets is undermining India's efforts to revive economic growth that has cooled to a six-year low
India announced a Rs 2.11 lakh cr recapitalization plan for its state-owned