“Loan loss provisions continued to recede due to better recoveries and healthy provision buffers, thereby leading to overall beat on profitability,” mentioned Emkay Global Financial Services in a sector report. The brokerage expects overall NPA ratios to trend down further led by receding stress pool and better credit growth trajectory.
Gainers & Losers: Motilal Oswal, SBI Life among 7 stocks in action on Friday
Indian benchmark indices declined for the second consecutive session, with the Sensex shedding nearly 600 points amid rising geopolitical tensions. Stocks like SBI Life and