Aggregate loan loss provisioning by banks dropped significantly year-on-year. This decline was driven by improving asset quality and fewer fresh slippages. Provision coverage ratios also reduced the need for fresh funds. Public sector banks saw a 19.8 percent fall in provisioning. Private sector banks registered a sharper 33.6 percent reduction in provisioning.
Market Samachar is a news aggregator. This article was originally published by Stocks-Markets-Economic Times. Tap the button above to read the full story on their site.