npa: Aggregate NPA provisioning in Q4 halves, private banks lead way

Synopsis

The private sector banks in the ETIG’s sample showed a higher drop in NPA provisioning during the March quarter than their public sector counterparts (PSBs). The aggregate loan loss provisioning of the private sector banks fell by 66% year-on-year and 23.4% sequentially to Rs 7,619 crore. A majority of the top private sector banks including Axis Bank, HDFC Bank, IndusInd Bank, and Kotak Mahindra Bank reported more than 50% year-on-year drop in NPA provisioning.

ET Intelligence Group: Banks reported a sharp drop in bad loan provisioning at the aggregate for the March 2022 quarter compared with the year-ago quarter following lower slippages and higher recovery rates. In addition, the net interest income (NII) grew in double digits after a muted growth in the previous three quarters.

The provisioning for nonperforming assets (NPAs) for a sample of 29 publicly listed banks reduced by 51.6% year-on-year to

BY

ET Bureau

3 mins read, Last Updated:

May 30, 2022, 05:55 AM IST

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