Banks get no respite as Q3 slippages rise

State Bank of India saw its slippages — new bad loans — almost double sequentially to Rs 16,525 crore. Likewise, Axis Bank recognised slippages of Rs 6,214 crore in the December quarter. Kotak Mahindra Bank put new additions in bad loans at Rs 1,062 crore in the third quarter.

from Banking/Finance-Industry-Economic Times https://ift.tt/2OVWtDp