• SENSEX
    NIFTY 50
Business

As slippages drop, PSU and private banks on the road to recovery

Updated : August 15, 2018 06:26 AM IST

Losses for the banking sector declined massively by 88.2 percent quarter-on-quarter (QOQ) to Rs 6,503 crore against Rs 55,085 crore QOQ.
The banking sector as a whole saw a decline in gross NPA by 2.2 percent QOQ in absolute value, while gross NPA ratio declined by 38 bps QOQ.
PSU banks have reported a net loss of Rs 16,622 crore against Rs 62,681 crore, down 73.5 percent QOQ.
As slippages drop, PSU and private banks on the road to recovery

You May Also Like

Live TV
Advertisement