Listed banks add ₹1 lakh cr in bad loans in Q3
Publicly listed banks in India have added nearly ₹1 lakh crore in gross non-performing assets (NPAs) in the quarter ended December (Q3), taking the total amount to ₹4.38 lakh crore, according to stock market database firm Capitaline. The provisions against bad loans also surged 90% quarter-on-quarter. Further, the aggregate net profit of the banks fell 98% year-on-year to ₹307 crore.