Axis Bank, Kotak Mahindra Bank, and RBL Bank, which have announced their Q2 earnings, reported increased slippages in these areas and expressed caution regarding their portfolios.
In contrast, HDFC Bank — country's largest private sector lender — has remained unaffected by the industry-wide stress in the unsecured segment.
“We are seeing some worsening of asset quality in some of the unsecured and some other asset classes,” said Amitabh Chaudhry, MD & CEO, Axis Bank.
Axis Bank reported gross slippages of ₹4,443 crore, with a bulk of it coming from the unsecured side. Additionally, the ₹3,100 crore write-offs by the bank were also in the unsecured portfolio.
هذه القصة مأخوذة من طبعة October 22, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 22, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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