“The overall tone is that of caution. Loan growth has come down and stress levels have inched up. The bank tends to be selective on credit growth,” said Sidhharth Purohit, analyst at SMC Global Securities, adding he didn’t have a rating on the bank. Gross slippages of the bank jumped up to 2.46 percent from to 2.32 percent in the quarter ended September. Net NPA ratio stood at 0.89 percent versus 0.85 percent. … [Read more...] about Bad loan hit banks wary of corporate loans; what it means for a struggling economy?
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This is developing story....Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about I-T conducts searches at United Phosphorous premises