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'Retail NPAs to be higher in H2 FY21, to return to pre-Covid levels in FY22' Top Searches This story is from December 17, 2020 'Retail NPAs to be higher in H2 FY21, to return to pre-Covid levels in FY22' PTI / Updated: Dec 17, 2020, 17:23 IST FacebookTwitterLinkedinEMail (Representative image) MUMBAI: Retail non-performing assets (NPAs) will be higher in the third and fourth quarter of FY21 and will go back to the pre-Covid levels only in the new fiscal year, Axis Bank said on Thursday. The third largest private sector lender, however, said that the asset quality situation is much better tha...

Retail NPAs to be higher in H2FY21, to return to pre-COVID levels in FY22: Axis Bank Retail NPAs to be higher in H2FY21, to return to pre-COVID levels in FY22: Axis Bank The bank has been focusing largely on the secured assets front when it comes to new loans and the business has gone back to pre-COVID levels, while the riskier unsecured loans like the ones are credit cards is at 60-70 per cent of the pre-COVID levels. December 17, 2020 5:29:54 pm A pedestrian wearing a protective mask walks past an Axis Bank Ltd. branch on a near-empty street in Mumbai, India, on Mond...

‘Axis Bank may see a rise in retail loan NPAs in Q3 and Q4’ Mumbai | Updated on Our Bureau Private sector lender Axis Bank, on Thursday, said it could see a rise in non-performing loans in its retail book in the third and fourth quarter of the fiscal, although the current numbers at present are better than its projections. “When we came off the moratorium, we saw slightly higher bouncing in September, but since then there has been month-on-month improvement,” said Sumit Bali, President and Head – Retail Lending and Payments, Axis Bank, on Thursday, adding that the collection efficie...

Not only SBI, but other banks and NBFCs too are planning to launch similar apps or upgrade their existing apps to become interoperable.