The weakness in real estate activity and moderation in housing prices have also slowed down investment in physical savings and help channel funds into financial savings.
The bank's sticky loan ratio rose to 13.85% but a Rs 130 crore right back of provision related to a single account.
The bank's capital adequacy ratio dipped to 9.61% with tier 1 capital at 7.47% as on June 30.
The Securities & Exchange Board of India has asked rating companies to downgrade any company to ‘junk’ if it misses its loan repayment.
Banks, with deficit in priority sector loans, can buy PSLCs from banks with surplus priority loans to bridge the gap for of a fee and without any real transfer of assets.
It's another new high at a time when Indian equity market has been on an upward journey, supported by steady inflows of foreign funds.
The majority of this loan are from Karnataka, Maharashtra and Uttar Pradesh.
The dollar-denominated bonds yielded 3.11% as it added a spread or mark-up of 130 basis points over and above the five-year US Treasury yields.
Last fiscal’s sales at 5.8 lakh units were however lower than that of in 2014, suggesting some pent-up demand could manifest given conducive conditions.
The drawdown will be listed on the London Stock Exchange and the Singapore Stock Exchange.
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