Banks report improved NII, lower NPA provisioning in Q1
The aggregate provision by the public sector (PSU) banks fell by 27% year-on-year due to a sharp double digit drop reported by State Bank of India, Punjab National Bank, Canara Bank, and Bank of Baroda.
Gold loans saw good growth, demand in Q2: George Alexander Muthoot, Muthoot Finance"If you are in the money, why should we trouble a customer. We can definitely hold those loans as stage 3 and still work in the company so that it does not affect our growth."
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