Icra sees banks' asset quality falling further
Agencies: Mumbai, Dec 05 2012, 22:09 IST
report.
Similarly, the uncovered NPAs or net NPAs, despite the higher credit provisioning, increased from 1.1 percent at end March 2011 to 1.5 percent at end June 2012, leading to an increase in net NPAs in relation to net worth from 10.5 percent at the end of March 2011 to 14.4 percent at the end of June 2012, says the report.
However, despite the decline, the profitability as well as the solvency ratios have not reached alarming levels yet, although the ability of the banking system to absorb incremental stress has declined, the report notes.
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