Wednesday, March 3, 2021
  • About
  • Reach Us
  • Privacy Policy
  • Disclaimer
STUFF UNKNOWN
No Result
View All Result
  • World
  • Business
  • Automotive
  • Tech
  • Career
  • Entertainment
  • Lifestyle
  • World
  • Business
  • Automotive
  • Tech
  • Career
  • Entertainment
  • Lifestyle
No Result
View All Result
STUFF UNKNOWN
No Result
View All Result
Home Business

Good news for the banking sector! India ratings improve outlook to negative for FY 2021-22

February 22, 2021
in Business
2 min read
0
Good news for the banking sector!  India ratings improve outlook to negative for FY 2021-22
Share on WhatsappShare on FacebookShare on Twitter


India ratings have improved the outlook of banks.

India Ratings has kept the outlook for public sector banks (PSBs) stable from negative, while keeping it in the stable category for private sector banks. The report says that gross non-performing assets (GNPAs) can reach 30 percent.

  • February 22, 2021, 10:16 PM IST

Mumbai. India Ratings & Research (India Ratings & Research) has improved the outlook of the Indian Banking Sector for the financial year 2021-22 from Stable Outlook to Negative. Also, the rating agency says that the pressure on Indian banks in the retail loan segment may increase in the coming times. IRR has raised the credit growth estimate for the financial year 2021 from 1.8 per cent to 6.9 per cent. At the same time, it has been reduced to 8.9 percent for the financial year 2021-22.

The agency has kept a stable outlook for public and private banks
The rating agency has stabilized the public sector banks’ landscape (PSBs Outlook) from negative. At the same time, the outlook for private sector banks has been retained in the stable category as before. According to the agency, gross non-performing assets (GNP + Restructured Loans) in the banking system can reach 30 percent. It has also said that in the second half of the financial year 2020-21, the retail loan segment can register a growth of up to 1.7 times. For public sector banks, stressed retail assets can reach 2.9 per cent during FY 2021-22, up from 2.1 per cent in the current financial year.

read this also- EPF rules are changing! Employees deposit more funds, then they will get income tax, know who will be the most affectedProvision for NPA will reach 80 percent

According to India Ratings, stressed retail assets for private banks can grow to 4.3 per cent during FY 2021-22, up from 1.2 per cent in the current financial year. Jindal Hariya, Director (Financial Institutions) of the agency said that in the last 9 months, banks got an opportunity to increase the provision for their old stressed assets. These pressurized assets preceded the Corona epidemic. We estimate that the provision on these NPAs will increase to 75 to 80 percent by the end of the current financial year. This will help the banks to cope with the pressure caused by Kovid-19.



READ ALSO

What is the flattened factory concept based on which a medical device park will open in UP

Export of electronic items reached record level, mobile phones share highest

.

Tags: achsbanking sectorBanking ServicesFY 2021-22FY22Good newsIndia ratingsindian banking sectornegative outlookOutlook stable with negativestabilize outlook
SendShare1Tweet1
Previous Post

Redmi 9 Prime smartphone with quad rear camera becomes cheaper, learn new price and features

Next Post

This smartphone of Poco created a boom, sold more than 2.5 lakh phones in less than 10 days, know what is special in it

Related Posts

What is the flattened factory concept based on which a medical device park will open in UP
Business

What is the flattened factory concept based on which a medical device park will open in UP

March 3, 2021
11
Export of electronic items reached record level, mobile phones share highest
Business

Export of electronic items reached record level, mobile phones share highest

March 3, 2021
14
OPEC + countries can increase crude oil production, will petrol-diesel be cheaper in India?
Business

OPEC + countries can increase crude oil production, will petrol-diesel be cheaper in India?

March 3, 2021
15
PM-Kisan Scheme: Due to this lakhs of farmers did not get 6000 rupees, now they will have to do this work
Business

PM-Kisan Scheme: Due to this lakhs of farmers did not get 6000 rupees, now they will have to do this work

March 3, 2021
15
These 5 things affect the mileage of electric vehicle, know everything here
Business

These 5 things affect the mileage of electric vehicle, know everything here

March 3, 2021
15
Good shopping in the Sensex-Nifty for the second consecutive day, know which sectors gained momentum?
Business

Good shopping in the Sensex-Nifty for the second consecutive day, know which sectors gained momentum?

March 3, 2021
16
Man selling water overtook Jack Ma, China’s richest man no more
Business

Man selling water overtook Jack Ma, China’s richest man no more

March 3, 2021
14
Airtel acquires spectrum of Rs 18,699 crore in auction, know what will benefit you by this
Business

Airtel acquires spectrum of Rs 18,699 crore in auction, know what will benefit you by this

March 3, 2021
15
Aegon Life Insurance launches simple life insurance, customers will get these big benefits
Business

Aegon Life Insurance launches simple life insurance, customers will get these big benefits

March 3, 2021
16
Load More
Next Post
This smartphone of Poco created a boom, sold more than 2.5 lakh phones in less than 10 days, know what is special in it

This smartphone of Poco created a boom, sold more than 2.5 lakh phones in less than 10 days, know what is special in it

Indian Railways resumed train service in Kashmir valley, was closed 11 months ago due to Corona crisis

Indian Railways resumed train service in Kashmir valley, was closed 11 months ago due to Corona crisis

Discussion about this post

POPULAR NEWS

Talking on mobile and using the Internet from April 1 will be expensive, telecom companies are preparing –

Talking on mobile and using the Internet from April 1 will be expensive, telecom companies are preparing –

February 17, 2021
344
How much subsidy will be available on gas cylinders this month, this is how to check at home, it is very easy way –

How much subsidy will be available on gas cylinders this month, this is how to check at home, it is very easy way –

February 17, 2021
325
Rohan Seth, founder of Clubhouse, a former Google employee, became famous overnight after Elon Musk’s tweet –

Rohan Seth, founder of Clubhouse, a former Google employee, became famous overnight after Elon Musk’s tweet –

February 12, 2021
191
Big news for 40 million users of IRCTC, all your questions will be answered instantly.

Big news for 40 million users of IRCTC, all your questions will be answered instantly.

January 15, 2021
175
Dragon is ‘burning’ with India’s success on corona vaccine, Chinese hackers target serum and biotech

Dragon is ‘burning’ with India’s success on corona vaccine, Chinese hackers target serum and biotech

March 1, 2021
168

EDITOR'S PICK

Modi government will give gift to central employees, DA may increase by 4 percent

Modi government will give gift to central employees, DA may increase by 4 percent

January 30, 2021
20
There is no car below 10 lakh in Pakistan, know how is Pakistan’s second hand car market –

There is no car below 10 lakh in Pakistan, know how is Pakistan’s second hand car market –

February 5, 2021
12
The way to meet the growing need for nutrients in children

The way to meet the growing need for nutrients in children

January 13, 2021
14
What are government bonds that RBI opened for retail investors?  Read its complete information –

What are government bonds that RBI opened for retail investors? Read its complete information –

February 5, 2021
16

POPULAR NEWS

CM Yogi’s big decision, Finance City to be built in Noida on the lines of Mumbai

CM Yogi’s big decision, Finance City to be built in Noida on the lines of Mumbai

February 27, 2021
147
Tissu becomes issue for Deepika Padukone, trying to pull the bag in the crowd

Tissu becomes issue for Deepika Padukone, trying to pull the bag in the crowd

February 26, 2021
135
Who is the heroine of the movie ‘Ganpat’, Tiger Shroff increased suspense by releasing teaser

Who is the heroine of the movie ‘Ganpat’, Tiger Shroff increased suspense by releasing teaser

February 9, 2021
121
Urad Dal makes nervous system strong, know its 5 big benefits

Urad Dal makes nervous system strong, know its 5 big benefits

January 13, 2021
101
Greece’s media claims – Turkey is preparing to send mercenaries to Kashmir –

Greece’s media claims – Turkey is preparing to send mercenaries to Kashmir –

February 12, 2021
89

EDITOR'S PICK

UGC NET exam date 2021, what is National Testing Agency?

UGC NET exam date 2021, what is National Testing Agency?

February 3, 2021
15
Ayushmann Khurrana’s first look in the film ‘Many’ came in front, there is something unique style

Ayushmann Khurrana’s first look in the film ‘Many’ came in front, there is something unique style

February 2, 2021
13
Patta Gobhi Matar Recipe: Eat leaves with cabbage, cabbage is a vegetable of peas, best in taste –

Patta Gobhi Matar Recipe: Eat leaves with cabbage, cabbage is a vegetable of peas, best in taste –

February 4, 2021
15
South African President Ramaphosa gave the world big advice on vaccine nationalism

South African President Ramaphosa gave the world big advice on vaccine nationalism

January 27, 2021
15

About

We bring you the Latest News Updates regarding Gadgets, Products, Politics, Finance and lot more to help you Discover the Unknown.

Follow us

Categories

  • Automotive
  • Business
  • Career
  • Entertainment
  • Lifestyle
  • Tech
  • World

Recent Posts

  • What is the flattened factory concept based on which a medical device park will open in UP
  • Relieve from unwanted abdominal hair, try these easy methods at home
  • Shraddha Kapoor celebrates birthday in Maldives, dances fiercely on Kamariya, video viral
No Result
View All Result
  • World
  • Business
  • Automotive
  • Tech
  • Career
  • Entertainment
  • Lifestyle

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

SAVE & ACCEPT