An official of a public sector bank preferring anonymity told IANS that if the government does not come out with a package, then the non-performing assets (NPA) of the banking sector are set to surge ahead this year.
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An official of a public sector bank preferring anonymity told IANS that if the government does not come out with a package, then the non-performing assets (NPA) of the banking sector are set to surge ahead this year.
How have you looked at the overall earnings trajectory so far?
The numbers so far have been pretty decent. There have been some minor dips here and there, but broadly they have been pretty healthy and very much in line with expectations. There have been some positive surprises as well.
ICICI Bank surprised big times over the weekend in terms of the numbers they reported. The incremental NPAs are much lower and the provisioning was also much lower and they have given a very healthy outlook going forward to the next year. Likewise, we have seen a pretty healthy set of numbers from IT companies and more importantly the guidance for next year.