The banking industry facilitates economic transactions, manages funds, and offers financial services. The banking system, which includes commercial, investment, and central banks, plays a crucial role in driving economic growth, maintaining monetary stability, and managing wealth at national and global levels.
Banks and financial institutions hold non-performing assets (NPAs), which no longer produce income for the lender. Non-performing assets (NPAs) indicate financial difficulty and have an impact on the institution’s balance sheet when borrowers do not satisfy their repayment commitments for a given period.
Here are the banking stocks in which NPA decreased up to 92 percent:
Utkarsh Small Finance Bank Ltd
Utkarsh Small Finance Bank Limited provides banking and financial services. The Bank’s product offering comprises asset products that it advances to clients, especially in unbanked and underbanked areas, as well as liability products in the form of deposits obtained from consumers throughout regions.
With a market capitalization of Rs 6,136 crore, on Friday, the shares closed at Rs 55.8 per share, decreased around 1.93 percent as compared to the previous closing price.
The company’s non-performing assets decreased by 92 percent from Rs 50 crore in FY22-23 to Rs 4 crore in FY23-24. The company’s revenue stood at Rs 896 crore in Q4FY24, in the same period net profit stood at Rs 160 crore.
Yes Bank Ltd
YES BANK Limited provides banking services such as corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.
With a market capitalization of Rs 71,805 crore, on Friday, the shares closed at Rs 25.0 per share, decreased around 2 percent as compared to the previous closing price.
The company’s non-performing assets decreased by 20 percent from Rs 1,658 crore in FY22-23 to Rs 1,329 crore in FY23-24. The company’s revenue stood at Rs 7,458 crore in Q4FY24, in the same period net profit stood at Rs 467 crore.
IDFC First Bank Ltd
IDFC FIRST Bank Limited operates in four segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business. The Treasury division is made up mostly of the Bank’s investment portfolio, money market borrowing and lending, investment activities, and the Bank’s whole foreign currency and derivative portfolio.
With a market capitalization of Rs 57,235 crore, the shares, on Friday, closed at Rs 80.9 per share, decreased around 0.75 percent as compared to the previous closing price.
The company’s non-performing assets decreased by 11 percent from Rs 1,304 crore in FY22-23 to Rs 1,160 crore in FY23-24. The company’s revenue stood at Rs 8,220 crore in Q4FY24, in the same period net profit stood at Rs 732 crore.
Written by:- Abhishek Singh
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