Absolutely,
if we would have pointed this out when these stocks were rallying and
they were on fire, nobody would have wanted to put too much of
attention to it.
I do not think midsize PSU banks can boast about reducing NPAs just because they have lowered credit growth. It is a very simple thing. You stop lending and that is why you do not have new fresh NPAs while you are busy tackling the earlier backlog of NPAs.
I do not think midsize PSU banks can boast about reducing NPAs just because they have lowered credit growth. It is a very simple thing. You stop lending and that is why you do not have new fresh NPAs while you are busy tackling the earlier backlog of NPAs.
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