State Bank of Bikaner and Jaipur is planning to sell some assets over the next couple of months to reduce NPAs on its books, Jyoti Ghosh, Managing Director said in an interview to CNBC-TV18. Ghosh said the bank’s restructured loan pipeline is around Rs 400 crore, and there were fresh slippages of around Rs 200 crore during the December quarter. The bank’s total NPAs and restructured assets stand at 13 percent of the loan book. In absolute terms, restructured assets for the financial year so far stand at Rs 256 crore. The bank took a hit on a loan account of around Rs 300 crore. The bank says its retail loan portfolio is under control. SBBJ’s third quarter net profit rose 7.5 percent year-on-year to Rs 163.4 crore, and net interest income rose 2.2 percent to Rs 747.6 crore. The bank's net interest margin stood at 3.47 percent.
Sunday, 1 February 2015
Fresh slippages Rs 200 cr; to sell assets to cut NPAs: SBBJ
State Bank of Bikaner and Jaipur is planning to sell some assets over the next couple of months to reduce NPAs on its books, Jyoti Ghosh, Managing Director said in an interview to CNBC-TV18. Ghosh said the bank’s restructured loan pipeline is around Rs 400 crore, and there were fresh slippages of around Rs 200 crore during the December quarter. The bank’s total NPAs and restructured assets stand at 13 percent of the loan book. In absolute terms, restructured assets for the financial year so far stand at Rs 256 crore. The bank took a hit on a loan account of around Rs 300 crore. The bank says its retail loan portfolio is under control. SBBJ’s third quarter net profit rose 7.5 percent year-on-year to Rs 163.4 crore, and net interest income rose 2.2 percent to Rs 747.6 crore. The bank's net interest margin stood at 3.47 percent.
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