banks declines 7.5% in H1FY20: Repor t Gross NPA of scheduled … · 2019-12-11 · Get Life Cover...
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12/11/2019 Gross NPA of scheduled commercial banks declines 7.5% in H1FY20: Report https://www.businesstoday.in/sectors/banks/gross-npa-of-scheduled-commercial-banks-decline-75-in-h1fy20-report/story/391797.html 1/4 Home SECTORS Banks Story Niti Kiran New Delhi Last Updated: December 10, 2019 | 21:45 IST Gross NPA of scheduled commercial banks declines 7.5% in H1FY20: Report The growth in GNPA has been moderating for SCBs at an overall level given the reduction in the slippages of the PSBs and the loan write offs GDP GROWTH JOBS GROWTH UNEMPLOYMENT INFLATION ECONOMY IN NUMBERS BUSINESS TODAY The Great Stock Market Mystery This Issue | All Issues SUBSCRIBE NOW Available on : DAILY NEWSLETTER Get our best delivered to your inbox SUBSCRIBE Enter Your Name Enter Your Email India I agree to receive newsletters and marketing communications from BusinessToday via E- mail* The Gross NPA of public sector banks (PSBs) which account for around 80 per cent of SCBs' GNPA, registered a contraction of 10 per cent, as of September 2019 MORE FROM THE AUTHOR Videocon Industries sees sharp drop of Rs 7,326 crore in net worth Slowdown Blues: Cement production contracts for 3rd month in a row The Gross NPA of scheduled commercial banks (SCBs) has declined by 7.5 per cent at the end of H1FY20 compared to double-digit growth of 18.9 per cent in September 2018. A CARE Ratings study of 37 SCBs as of November 14, 2019 (18 public sector banks and 19 private sector banks) reveals that bad loans of the SCBs declined from Rs 10.18 lakh crore as of March 31, 2018, to Rs 8.94 lakh crore, a year later, primarily due to gradual reduction of incremental slippages, recoveries in some large NPAs and writing-off of NPA loans. "The banks had witnessed a rise in their GNPA levels in March 2018, after the February 12, 2018 circular of the RBI which redefined the norms for recognition and restructuring of the stressed assets," the report added. It was marginally lower at Rs 9.18 lakh crore at the end of H1FY20, on a sequential basis. The Gross NPA of public sector banks (PSBs) which account for around 80 per cent of SCBs' GNPA, registered a contraction of 10 per cent, as of September 2019, compared to a rise of 18.4 per cent in the corresponding period the previous year. The PSBs have been conservative in deploying credit on account of the PCA Framework which laid restrictions on their lending to vulnerable sectors. As of November 30, 2018, 11 PSBs were Enter search keyword ECONOMY CORPORATE MARKETS MONEY INDUSTRY TECH OPINION PHOTOS VIDEOS MAGAZINE Story in Audio Rightsizing Railway Board: Transfer orders of 50 ocers to zones issued Delhi pollution: After 'severe' level, air quality in national capital may enter 'emergency' zone today PMC Bank crisis: Why t some hope for deposito
Transcript of banks declines 7.5% in H1FY20: Repor t Gross NPA of scheduled … · 2019-12-11 · Get Life Cover...
12/11/2019 Gross NPA of scheduled commercial banks declines 7.5% in H1FY20: Report
https://www.businesstoday.in/sectors/banks/gross-npa-of-scheduled-commercial-banks-decline-75-in-h1fy20-report/story/391797.html 1/4
Home SECTORS Banks Story
Niti Kiran New Delhi Last Updated: December 10, 2019 | 21:45 IST
Gross NPA of scheduled commercialbanks declines 7.5% in H1FY20: ReportThe growth in GNPA has been moderating for SCBs at an overall level given the reduction inthe slippages of the PSBs and the loan write offs
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UNEMPLOYMENT INFLATION
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The Gross NPA of public sector banks (PSBs) which account for around 80 per cent of SCBs' GNPA, registered acontraction of 10 per cent, as of September 2019
MORE FROM THEAUTHOR
Videocon Industriessees sharp drop of Rs7,326 crore in net worth
Slowdown Blues:Cement productioncontracts for 3rd monthin a row
The Gross NPA of scheduled commercial banks (SCBs) hasdeclined by 7.5 per cent at the end of H1FY20 compared todouble-digit growth of 18.9 per cent in September 2018. ACARE Ratings study of 37 SCBs as of November 14, 2019 (18public sector banks and 19 private sector banks) reveals thatbad loans of the SCBs declined from Rs 10.18 lakh crore as ofMarch 31, 2018, to Rs 8.94 lakh crore, a year later, primarilydue to gradual reduction of incremental slippages, recoveries insome large NPAs and writing-off of NPA loans. "The banks hadwitnessed a rise in their GNPA levels in March 2018, after theFebruary 12, 2018 circular of the RBI which redefined thenorms for recognition and restructuring of the stressed assets,"the report added. It was marginally lower at Rs 9.18 lakh croreat the end of H1FY20, on a sequential basis.
The Gross NPA of public sector banks (PSBs) which account foraround 80 per cent of SCBs' GNPA, registered a contraction of10 per cent, as of September 2019, compared to a rise of 18.4per cent in the corresponding period the previous year. ThePSBs have been conservative in deploying credit on account ofthe PCA Framework which laid restrictions on their lending tovulnerable sectors. As of November 30, 2018, 11 PSBs were
Enter search keyword
ECONOMY CORPORATE MARKETS MONEY INDUSTRY TECH OPINION PHOTOS VIDEOS MAGAZINE
Story inAudio
Rightsizing Railway Board:Transfer orders of 50 ocers tozones issued
Delhi pollution: After 'severe'level, air quality in nationalcapital may enter 'emergency'zone today
PMC Bank crisis: Why tsome hope for deposito
12/11/2019 Gross NPA of scheduled commercial banks declines 7.5% in H1FY20: Report
https://www.businesstoday.in/sectors/banks/gross-npa-of-scheduled-commercial-banks-decline-75-in-h1fy20-report/story/391797.html 2/4
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Tags: Gross NPA Of Scheduled Commercial Banks | Gross NPA Of SCBs | Public Sector Banks |Private Sector Banks | Bad Loan | GNPA Levels | CARE Ratings
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under the PCA; there are 4 PSBs under the framework atpresent.
However, unlike the PSBs who has been recording aconsiderable decline in their GNPA since March 2019, theprivate lenders have been recording growth in their slippagespost March 2019 on account of exposure to entities withsolvency issues. This measure grew by 3.3 per cent as of
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12/11/2019 Gross NPA of scheduled commercial banks declines 7.5% in H1FY20: Report
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12/11/2019 Gross NPA of scheduled commercial banks declines 7.5% in H1FY20: Report
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