Banks increase NPA provision by 10 per cent to Rs. 31,891 crore

-


MUMBAI: Total bad loan provision by banks increased in the December quarter after declining in the previous two quarters. This trend reversal is mainly due to higher provisions by public sector banks which have gradually focused on improving the provisioning coverage ratio.

Or ના Sample of banks, non-performing assets (NPAs) provision increased by 7.5% and increased by 3.5% year-on-year in the third quarter to Rs. 31,31.5 crore. Record high of Rs. It had touched a low of Rs 3.7.5 crore and declined in the next two quarters in September.

આધારે Based on a sample of banks' results, NPA provisions by banks increased by 7.5 per cent year-on-year and 6.5 per cent quarterly in the December quarter to Rs. 21,31.5 crore. Provisioning of NPOs in the quarter of March 2021 was Rs. After reaching a high of Rs 4.5.5 crore, the provision was reduced in the subsequent June and September quarters.

Public sector banks have raised Rs. 21,6,8 crore, an increase of 12.5 per cent and 7.5 per cent year-on-year, respectively.

Top state-owned banks, including State Bank of India, PNB, Canara Bank and Bank of Baroda, had gradually increased their provision coverage ratio from 0.5 per cent to 2.5 per cent during the quarter under review.

The provision for NPAs by private banks increased by 7.5% in the December quarter compared to the same quarter last year, but declined by 2.4% year-on-year.

The net interest income (NIIs) of the banks included in the analysis declined by 0.4% quarter-on-quarter and 0.5% year-on-year to Rs. 1.4 lakh crore, which is due to reduction in interest income of private banks. On a quarterly and annual basis, net interest income of private banks declined by 2.4 per cent and 7.5 per cent, respectively.

The interest income of public sector banks, on the other hand, has increased by 3% and 6.5% quarterly and year-on-year, respectively. Total covid provisioning by banks was Rs. 6,08.5 crore in the December quarter to Rs. 2,31 crore. The accumulated covid provision by sample banks fell to Rs. 2,31 crore as against Rs. 6,096 crore.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more