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The credit cost increased amid a higher slippage ratio owing to the micro, small, and medium enterprises (MSME) segment. The gross nonperforming asset (NPA) ratio continued to slide to a multi-quarter low. The share of the retail segment in the loan portfolio rose to 30% from 28% a year ago while the bank reported the highest ever net profit for the quarter and full year.
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Total retail holding in Central Depository Services (CDSL) went up to 51.4% in the fourth quarter from 42.3% in the October-December quarter, making it one of their biggest bets. Shares of CDSL, which had gone up 22.4% in the third quarter, had fallen nearly 31% in the March quarter
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Under the new FTA, India has agreed to cut import duties on Scotch, whisky and gin from 150% to 75% with immediate effect, with a further reduction to 40% over the next 10 years. This means that imported spirits, especially premium Scotch, will become much cheaper for Indian consumers.
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News and Media
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