Canara Bank restructures loans worth Rs 13,000 crore, MSME, retail worst hit
Profits nearly tripled to Rs 1177 crore at the end of the June quarter as fee income and treasury gains grew sharply. The lender had reported profits of Rs 406 crore in the corresponding period last year. Though it’s net interest income was flat at Rs 6,147 crore from Rs 6,096 crore in Q1FY21.
Covid impact: Retail loans impairment rises as borrowers delay paymentsPrivate lender Axis Bank reported fresh slippages of Rs 6,518 crore, up 23% from Rs 5285 crore in the March quarter. 84% of the net slippages were from the retail book.
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