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Windfall gains on bond portfolios aided PSBs’ net profits: ICRA
The onset of Covid-19 resulted in windfall gains for public banks with trading profits on their bond portfolios rising sharply.
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Private ARCs moving to retail loans as national bad bank nearing reality
The pandemic-hit FY21 has seen tepid growth for ARCs, but retail loan portfolio grew faster, adding at least 25% more to AUM
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Non-banks’ NPAs may rise to 4.5-5% by March 2022: ICRA
We expect the non-bank reported NPAs to increase to about 4.5-5% by March 2022 vis a vis about 4% in December 2020, ICRA said
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Exim Bank FY21 net profit jumps to Rs 254 crore as NPAs drop
Exim Bank is "cautiously optimistic" about growth in FY22, and is aspiring to grow its book by 7-12% on a currency neutral perspective
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Canara Bank registers Rs 1,011 crore profit in Q4
For the full 2020-21, there was a profit of Rs 2,557.58 as against the loss of Rs 2,235.72 crore during 2019-20.
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SBI to sell three NPA accounts next month for recovery of over Rs 235 crores
SBI has placed Heavy Metal and Tubes Ltd, Khare, and Tarkunde Infrastructure Pvt Ltd, and Elize International Ltd for sale to recover a total of Rs 23
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PSBs will only lead bad bank, private banks also need to support it: SBI MD
State-run lenders will take a lead in creation of the bad bank, but the sick asset resolution platform needs the support of private banks and other le
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Covid-19 rising cases, localised restrictions to dampen pace of economic recovery: ICRA
Six sectors — aviation; hotels, restaurants and tourism, cinema exhibitors, MFIs, real estate and retail — will be at high risk from the second pa
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Education loan default: Know the consequences
About 10% of the total credit of Rs 85,000 under this head has turned NPA.
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Local lockdowns: RBI says no need for loan moratoriums at present
RBI governor Shaktikanta Das said businesses, particularly the private sector ones, are better prepared today to deal with the situation and to contin
