scorecardresearchPrivate banks' net profit rises 47% in Q1 on fall in provisions: Report

Private banks' net profit rises 47% in Q1 on fall in provisions: Report

Updated: 28 Jul 2022, 12:06 PM IST
TL;DR.
The report said that the provisions and contingencies declined 56 percent YoY, helping bolster the bottom line. Improved asset quality profile supported the decline in provisions.
The report said that the provisions and contingencies declined 56 percent YoY, helping bolster the bottom line. Improved asset quality profile supported the decline in provisions.

The report said that the provisions and contingencies declined 56 percent YoY, helping bolster the bottom line. Improved asset quality profile supported the decline in provisions.