Banks’ aggregate NPA provisioning falls in July-Sept
Synopsis
The aggregate provisioning towards non-performing assets (NPA) or loan loss provision for a sample of 29 banks fell by 20.5 per cent sequentially and 10.9 per cent year-on-year to Rs 30,400 crore.
ET Intelligence Group: The bad loan provisioning by banks fell sequentially for the second consecutive quarter in the three months ended September 2021 led by a significant drop in some of the private sector banks. Analysts expect the trend to continue given improved collections and lower slippages. The aggregate provisioning towards non-performing assets (NPA) or loan loss provision for a sample of 29 banks fell by 20.5 per cent sequentially
