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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
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