The asset quality of the lender improved in line with the sectoral trend with its gross non-performing assets ratio falling to 2.9% at the end of the year from 6.3% a year back. It wrote-off bad loans to the tune of Rs 188 crore.
Indian markets may consolidate on Tuesday following mixed global cues. The Sensex gained over 300 points with Nifty50 closing just below 18600 levels. India VIX
Considering a base case, we can see NIFTY to be around 20,000 levels given that India has positioned itself in the best spot where it
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