Coronavirus outbreak: S&P says pandemic to deteriorate asset quality of lenders; cuts Axis Bank, ICICI Bank outlook
Kotak Mahindra Bank's robust capitalisation, strong management, and better than peers asset quality was also appreciated while affirming the ratings.
Bank shares tank after Moody's changes outlook on Indian banks to negative; RBL, Kotak, IndusInd top losers
Bank shares on Friday dropped up to 15 percent after Moody's Investors Service changed the outlook for the Indian banking system to negative from stable
COVID-19 impact: Moody's changes outlook on Indian banks to negative from stable; move triggered by disruption in economic activity
Moody's said Banks' asset quality will deteriorate across the corporate, small and medium enterprises and retail segments, leading to pressure on profitability and capital.
The RBI has asked financial entities to encourage their customers to use digital banking facilities as far as possible
However, total income increased to Rs 2,64,430 crore as against Rs 1,029.20 crore for the same period year ago, RBL Bank said in a regulatory filing.
ICICI Bank missed its second quarter net profit estimates due to higher tax expenses of Rs 3,712 crore.
Karnataka Bank had posted a net profit of Rs 111.86 crore in the corresponding July-September quarter of the previous fiscal ended March 2019.
Axis Bank had posted a net profit of Rs 701.09 crore in the April-June quarter of the previous fiscal year.
SBI reports Rs 838 cr net profit in March quarter as bad loans decline to 3%; income rises 11% to Rs 75,670 cr
For the full year 2018-19, SBIreported a consolidated net profit of Rs 3,069.07 crore. While there was a loss of Rs 4,187.41 crore in the entire 2017-18.
The asset quality of the bank strengthened with the gross non-performing assets (NPAs) falling to 1.38 percent of gross advances as on March 2019 from 1.40 per cent in the year-ago period.
GNPAs of state-run lenders improved to 14.8 percent in September 2018 from 15.2 percent in March 2018, the report said.
NBFCs' asset growth to halve to 10% in H2 on liquidity woes; disbursements decline by 20-40%: Crisil report
The NBFCs, including housing finance companies, had notched up a 20 percent growth in their assets under management for the first half of the fiscal ending September.
Narendra Modi govt’s bid to water down RBI’s PCA norms may give it political dividend, but is disastrous for economy
The NPA levels will spike further as there is no change in the ground-level economic situation.
The Reserve Bank of India move is credit-positive for banks because any meaningful resolution under this plan can help improve their overall asset quality
Stressing on need to continue with sound domestic policies and reforms, RBI Governor Raghuram Rajan today said banks' asset quality stress has to be dealt first in order to revive the credit growth.
S&P also says profitability of Indian banks to decline over the next two to three quarters because banks recently cut base lending rates, and their credit costs are likely to remain high
Bad loans increased to 5.1 percent of total advances of the banking system for the quarter ending September 30, 2015, from 4.6 percent in March 2015
Bankers, including SBI's Arundhati Bhattacharya, ICICI Bank's Chanda Kochhar, Axis Bank's Shikha Sharma and PNB's Usha Ananthasubramanian met the RBI governor