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GP Parsik Sahakari Bank: Business grows; profit dips

Maharashtra based Multi State Scheduled Bank- GP Parsik Sahakari Bank's performance in 2022-23 was n ....

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GP Parsik Sahakari Bank: Business grows; profit dips

Maharashtra based Multi State Scheduled Bank- GP Parsik Sahakari Bank's performance in 2022-23 was n ....

Bank Gross Non Performing Assets , Multi State Scheduled , Sahakari Bank , Annual General Meeting , Gross Non Performing Assets , Indian Cooperative , Thane District , Gp Parsik Cooperative Bank , From States ,

Banks' GNPAs to rise to 9.6-9.7% by FYE21 and 9.9-10.2% by FYE22: ICRA

Banks’ GNPAs to rise to 9.6-9.7% by FYE21 and 9.9-10.2% by FYE22: ICRA
April 05, 2021
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Credit rating agency ICRA expects Banks’ Gross Non-Performing Assets (excluding write-offs) to rise to 9.6-9.7 per cent by March 31, 2021 and 9.9-10.2 per cent by March 31, 2022 from 8.6 per cent as on March 31, 2020 as the impact of various Covid-19 pandemic related relief measures wanes off.
As the impact of various relief measures such as moratorium on loan repayment, standstill on asset classification and liquidity extended to borrowers under Guaranteed emergency credit line (GECL) wanes off, the asset quality pressures are likely to resurface, the agency said.
In a note, ICRA observed that despite the impact of Covid-19 pandemic on debt servicing ability of borrowers, the gross fresh slippages for banks stood much lower at ₹1.8 lakh crore (2.7 per cent of advances on annualised basis) during 9M (nine months) FY2021 as compared to ₹3.6 lakh crore (4.1 per cent) ....

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