Write-offs in scheduled industrial banks have decreased during the last 5 years to only over ₹1.70 lakh crore on the finish of FY 2023-24 from over ₹2.34 lakh crore in FY 2019-20, reflecting a decline of greater than 27 per cent, knowledge offered within the Lok Sabha confirmed. Information additionally defined that, barring FY23, all … Read more
Aided by robust operational efficiency and decrease NPA provisioning, Punjab Nationwide Financial institution (PNB) on Saturday reported a 207 per cent improve in consolidated web revenue for the primary quarter ended June 30 at ₹3,716 crore (₹1,211 crore). The most recent bottomline efficiency of nation’s second largest public sector financial institution can also be greater … Read more
Aided by robust operational efficiency and decrease NPA provisioning, Punjab Nationwide Financial institution (PNB) on Saturday reported a 207 per cent enhance in consolidated internet revenue for the primary quarter ended June 30 at ₹3,716 crore (₹1,211 crore). The most recent bottomline efficiency of nation’s second largest public sector financial institution can be increased than … Read more
With enhancing asset high quality, the GNPA (gross non-performing asset) ratio of scheduled business banks (SCBs) is projected to enhance from the anticipated 2.5-2.7 per cent in FY24 to 2.1-2.4 per cent by FY25 finish, in line with CareEdge Scores. Additionally learn:Banks’ GNPAs set to enhance additional to 2.1 per cent by FY25: Report This … Read more