Banks are likely to report muted earnings for the quarter to June due to the increased provisions for bad loans, although higher treasury gains may soften the blow.
Analysts say the state-owned banks will continue to lag behind private peers due to the rise in bad loans of state electricity distributors, and textile and infrastructure sectors. While the slippage ratio for private banks is expected to be 1-2% of the total loans during the three-month period, in the case of public sector banks, it is likely to be more than 2% and as high as 3.89% for a few banks such as Punjab National BankBSE -1.21 % (PNB).
Read more >> Click here
No comments :
Post a Comment