BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
CareEdge Research Report
The Reserve Bank of India’s Financial Stability Report released yesterday presents a rather satisfactory picture of the Indian banking system. Probably the most important indicator that is used to check on the health of the banking system is the non-performing asset related number.
Here the system does well with the ratio of gross non-performing asset being 6.9% for September 2021. This is contrary to expectations last year when one expected a double digit GNPA number given the Covid-19 environment.
In terms of sector wise GNPA there has been an improvement in most of the segments where the numbers were high:
Construction is down from 21.5% in September 2020 to 21.1% in September 2021,
Gems and Jewellery from 24.1% to 20.7%,
Engineering from 19.4% to 18%,
Food processing moved up from 13% to 14.2%,
Mining from 15.6% to 14.3%,
Infrastructure from 11.9% to 9.2%,
Textiles unchanged at 11.7.
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