Banks' profits more than halve in Q1, NPAs nearly double
The bank's gross-NPA's have jumped higher to 8.50% from 4.63% of 2015 and 3.97% of 2014. In this quarter, the gross-NPA in terms of value was at Rs 6,29,774 crore, increasing by 96.46% from Rs 3,20,554 crore in 2015.
Everything that is wrong with Indian banks, especially public sector ones, can be seen from their results for the quarter ended June 30, 2016. Photo: Pixabay