NPA ratio

IndusInd Bank: IndusInd Bank Q1 profit flat at Rs 2,171 crore in a lean season

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IndusInd Bank: IndusInd Bank Q1 profit flat at Rs 2,171 crore in a lean season

Mumbai: Private sector IndusInd Bank Friday reported a flat 2% on-year rise in its June quarter net profit at ₹2,171 crore as business slowed in a seasonally weak review period that the lender’s chief executive described as “challenging.” Analysts tracked by Bloomberg had pegged net profit of ₹2,358.6 crore. The lender had earned a net … Read more

RBI: Monetary, prudential steps’ tango helps cut home loan NPAs

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RBI: Monetary, prudential steps’ tango helps cut home loan NPAs

Mumbai: Tinkering with the interest rate alone may not help with the repayment ability of home loan borrowers, according to a research paper supported by the Reserve Bank of India. Prudential measures like risk weights and loan-to-value adjustments, along with interest rates, will be more effective in repayments of loans. This will also help in … Read more