ICICI Bank, HDFC Bank rank better that PSBs in asset quality
By Joseph Samson
Nov 21, 2011
Print    Email    RSS   

The present scenario is an indicative that private sector banks are outruling their public sector peers in terms of asset quality. Rising level of non performing assets (NPA) has been hitting hard on public sector banks (PSBs) since quite some time now.

In the second quarter of this fiscal, the largest lender of the country, State Bank of India posted a 12% dip in net profits and a consecutive surge in NPA level.

On the contrary, private peers like ICICI Bank and HDFC Bank showed a 22% and 31% respective rise in their net profit levels and also improvement in their NPA level.

While NPA level of ICICI Bank dropped to 0.90% from 0.91% earlier, SBI's NPA level stood at 2.04% from 1.61% earlier.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

The Home Loan Rate Pendulum
Reverse Mortgage in India: Your property...
Home Equity Loan: A shoulder you can bank...
NRI Banking in India
Mortgage insurance’s relevance in India

PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive