NPA provisioning moderates in Q2 driven by PSU banks
Provisioning for bad loans by banks fell in the September quarter for the second consecutive period based on year-on-year comparison driven by the public sector banks (PSBs). For a sample of 29 publicly listed banks, provisioning for nonperforming assets (NPA) fell by 2.9% to βΉ27,318.2 crore. For PSBs, it fell by 11.6% to βΉ14,628.3 crore…
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