Mounting NPAs offer little respite to public sector banks in third qtr

Comments 0
SummaryThe October-December quarter brought little cheer for public sector banks that are still struggling to manage their asset quality and keep net interest margins from falling.

quarter, down nearly 4% sequentially. As a ratio of total assets, net NPAs stood at 2.6%, which was about 13 basis points (bps) lower than the previous quarter. The public sector lender reported net profit of R1,306 crore in the quarter, up 13.5% from a year ago.

Most state-owned lenders saw some form of moderation in their NIMs, as domestic and international loan growth have been disappointing.

Single Page Format
Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...