ET NOW’s Post

Name: ET NOW on LinkedIn: #q2withetnow #earningswithetnow
Uploaded: 2024-10-29T05:54:03.230Z
Duration: 1 min 32 s
Channel: ET NOW
Description: #Q2WithETNOW | Can Punjab National Bank’s improved asset quality & profits signal a turnaround? Atul Kumar Goel shares his strategy to cut credit costs and tackle deposit repricing challenges! Watch the full interview here👉: https://lnkd.in/ddqpa22A Anisha Jain Times Network #EarningsWithETNOW

ET NOW

16,594 followers

2mo

#Q2WithETNOW | Can Punjab National Bank’s improved asset quality & profits signal a turnaround? Atul Kumar Goel shares his strategy to cut credit costs and tackle deposit repricing challenges! Watch the full interview here👉: https://lnkd.in/ddqpa22A Anisha Jain Times Network #EarningsWithETNOW

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Let's begin with the asset quality trends because your credit costs is at .08% now. This quarter you saw strong recoveries and you also revised the credit cost guidance downwards by 25 basis point. Shall we expect strong recoveries in the coming quarter as well because your slippages are more or less on the same level? And as. ��s 7 e 40. Is concerned the we have given the guidelines at at the beginning of the year around 1% considering because it was 1.14 in the last year and more than 2% last two last year. But since in the first quarter it was .32 so we have revived from the one to 5.50% and now the second quarter it is coming .08%. So now we are further revising our credit cost because we for first half it is coming around .20 basis point. It now we are revising it .25 to a .30% of the for the full financial year. And if you see the recovery every quarter recovery is double of the slippage Asoto when the recovery is more than the slippage, the provision requirement on the new account which are just sleeping is very less as compared to the provision release on the whatever the recovery we have made. And another thing is. And while we are revising, because 97 percent is our provision coverage ratio as on date, so our aging requirement has reduced drastically.

Sachin Mehta

assistant manager production at Punjab Agri export corporation Limited - India

2mo

99 me pnb safe buying, what's ur recommendations madam

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