Worry over slippages: Private banks’ provisions rise 13% in FY19

Banks may be apprehending larger slippages in the quarters ahead, with provisions made by a clutch of private sector banks during FY19 rising nearly 13% year-on-year (y-o-y), even as the value of gross non-performing assets (NPAs) remained nearly flat at the end of March 2019.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WdXpI6