GNPA and NNPA has decreased sequentially so how could provisions increased that much. In my opinion Company has taken a major write-off . Therefore GNPA is optically looking smaller so that investor wont panic seeing GNPA in the range of 3.xxx . So stay cautious, till we get further commentary from the managment.
DIsclaimer: Above written is my personal thought . I have recently invested in the stock to test the waters since it is available at cheap valuations.
| Subscribe To Our Free Newsletter |
