Non-performing assets of 26 banks that
have declared their earnings so far have risen to Rs 7.31 lakh crore, a rise of
Rs 2.5 lakh crore this year compared to March 2017, CARE Ratings said in a
report.
The total
provisions during the year (of which the most would be for NPAs) increased to
Rs 105,150 crore from Rs 43,611 crore, an increase of 141 percent, the
report further stated.
Gross NPAs, it
said, has risen to its peak at 10.14 percent in March 2018.
On a
segmental basis, for public sector banks, NPA rates rose to 13.41 percent after
being stable in the range of 11-12 percent in the first quarter of last fiscal.
“For private banks
too, NPAs have spiked in March 2018 after moderating in December 2017 relative
to September 2017,” analysts at the firm wrote in their report.
Results
are awaited for other banks, which include Bank of Baroda, Bank of India, IDBI
Bank, Corporation Bank, IOB, United Bank, Andhra Bank in the PSB group and City
Union, Dhanlaxmi Bank, Karur Vysya, Laxmi Vilas and J&K in the private
sector.
Source - Moneycontrol
No comments:
Post a Comment