The gross non-performing assets (GNPAs) increased with the end of dispensation granted during the pandemic, according to the data compiled by BS Research Bureau for listed 18 private banks.
GNPAs in absolute terms rose 4.9 per cent Y-o-Y and 3.3 per cent sequentially to ₹1.33 trillion at the end of June. Net NPAs rose 10.1 per cent Y-o-Y and 7.4 per cent sequentially to ₹33,401 crore at the end June.
While NPAs have grown, provisions for them have not moved up. Current provision coverage is high because lenders have been setting aside more money than what regulatory norms require in the post-pandemic phase.
Provisions and contingencies, including those for standard loans and NPAs, decreased by 6 per cent Y-o-Y and 5.2 per cent sequentially to ₹9,754 crore in Q1FY25.
This story is from the July 30, 2024 edition of Business Standard.
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This story is from the July 30, 2024 edition of Business Standard.
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