Whether it’s net profits, commissions or bad debt, public sector banks outperformed their private sector counterparts in the June quarter.

The subjects
Private banks | PSB | APM

In March 2021, gross non-performing assets (GNPA) of the Indian banking system represented 7.5% of advances. After setting money aside for provisions, the net NPA (NNPA) was 2.4 percent.

Most banks were able to endure the impact of the Covid pandemic with a brave face in a year when the economy contracted and the loan portfolio grew to an all-time high of 5.6% even as the regulator had frozen loan repayments for months and allowed banks to restructure the loans. Reserve Bank of India’s latest financial stability report estimates banks’ GNPAs could reach …

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First published: Sun 22 Aug 2021 22:18 IST


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