Punjab & Sind bank will also be transferring bad loans worth over five billion rupees to national bad bank which will also help to trim toxic assets. Gross non-performing assets for the bank for the June quarter was at 11.34%, higher compared to its peers. At a system level too, bad loans have been coming down and was at a six-year low of 5.9% in March 2022 which the country's central bank expects to decline further.from Banking/Finance-Industry-Economic Times https://ift.tt/wU3BzPk
No comments:
Post a Comment