Bank Gross NPA Could Rise To 8-9% By March 2022: CRISIL

• Gross NPAs for banks were at 7.5% as of March 2021
• With restructured assets expected to be around 2% of total loans, stressed loans for banks could rise to 10-11%
• Majority of the stress is expected to come from retail and MSME loans
• Retail stressed assets could rise to 4-5% of loans by the end of this year, compared with 3% in March 2021
• Stressed assets for MSME segment expected to rise to 17-18% from 14% last fiscal
• Corporate stressed assets expected to remain within 9-10%

Source: CRISIL Statement

Analysts Bullish On Ultratech Cement After In-Line Q2

Brokerages retained their rating on UltraTech Cement Ltd. after its second quarter earnings met estimates. They cited the demand resilience, higher blended realisations, capacity expansion plans as key reasons their bullishness on the stock.

• Bank Of Baroda Share Cuts Lending Rates
• Stocks To Watch: ICICI Bank, UltraTech Cement, Canara Bank, Coal India
• Vedanta Ltd Q4 Outlook – Apt Play On Rising Commodity Prices
• Gold Rocket on U.S. Rate Hike Report
• Stocks To Watch: Biocon, Future Retail, GAIL, InterGlobe, Ultratech