Financial ExpressMay 24, 2022Higher stress in agri, MSME, retail segments: Large banks see slippages rise in Q4Most large banks reported an increase in fresh bad loans on a sequential basis for the quarter ended March 2022. A clutch of 17 banks reported slippages worth Rs 53,512 crore in Q4FY22, 28% higher compared with the third quarter of FY22. Although the trend is partly attributable to the lumpy Future Retail exposure slipping during Q4, higher stress in the agri, MSME and retail segments made a significant contribution to banks’ bad loan pie.The lenders that saw the sharpest rise in slippages were UCO Bank and Punjab National Bank (PNB), where the figures rose 150% and 138%, respectively. Both banks had new chief executives taking charge during the March quarter.Read more at Financial Express
Most large banks reported an increase in fresh bad loans on a sequential basis for the quarter ended March 2022. A clutch of 17 banks reported slippages worth Rs 53,512 crore in Q4FY22, 28% higher compared with the third quarter of FY22. Although the trend is partly attributable to the lumpy Future Retail exposure slipping during Q4, higher stress in the agri, MSME and retail segments made a significant contribution to banks’ bad loan pie.The lenders that saw the sharpest rise in slippages were UCO Bank and Punjab National Bank (PNB), where the figures rose 150% and 138%, respectively. Both banks had new chief executives taking charge during the March quarter.Read more at Financial Express
