Axis bank’s retail assets account for 83% of fresh slippages. Q3 net profit plunges 36% to Rs 1,117 cr.
Federal Bank Q3 net drops 8.2% to Rs 404 cr, mainly due to higher provisioning for bad loans.
HDFC Bank reported an improvement in asset quality in Q3; net profit rose 18% on back of surge in net interest income.
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SBI Cards Q3 sees 52% dip in net profit to Rs 209.7 cr; write-off keeps gross NPAs under control.
Eager to resume launching new credit cards and digital banking initiatives, HDFC Bank submits plan of action to RBI to handle outage issue.
Yes Bank swings to profit of Rs 151 cr in Q3 from a loss of Rs 18,560 cr a year ago.
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Bad loans of banks may nearly double to 14.8% in one year under a severe stress scenario compared to 7.5% in September 2020, RBI said.
Though there may be some outliers like the telecom sector, banks will continue to move under the shadow of non-performing assets
Total deposits up 30% YoY to 71,188 cr in Q3; advances up 23% to Rs 80,255 cr.
An increase in restructured advances ratio to 0.43% at end-September from 0.36% in March 2020 may be indicative of incipient stress, RBI said.
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Consumer complaints that banks fail to ensure fair services stand at 308,630 in 2019-20; ATM/debit card-related complaints are highest
CSB Bank’s gold loan portfolio leapt 60.36% to touch Rs 5,633.75 cr in the fiscal 3rd quarter ended 31 Dec.
HDFC Bank’s CASA mix increases to 43% in Dec quarter, up from 39.5% a year ago and 41.6% from preceding quarter; advances up 16% YoY.
