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Small Borrowers Drag Down Private Bank Asset Quality In Q1
Private banks report higher slippages from retail and small business borrowers in Q1.
29 Jul 2021, 09:06 AM IST
Nearly three of every four bad loans added during the June quarter were loans made to retail and business banking borrowers of private banks, indicating the level of stress caused by the second wave of the pandemic. The top six private banks added nearly Rs 21,000 crore in bad loans in the first quarter, according to data collated by BloombergQuint. Retail and business banking loans, that is - loans to individuals and small businesse...
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