Life is not a template and neither is mine. Like several who have worked as journalists, I am a generalist in my over two decade experience across print, global news wires and dotcom firms. But there has been one underlying theme in each phase; life gave me the chance to observe and tell a story -- from early days tracking a securities scam to terror attacks and some of India's most significant court trials. Besides writing, I have jumped fences to become an entrepreneur, as an investment advisor -- and also taught the finer aspects of business journalism to young minds. At Forbes India, I also keep an eye on some of its proprietary specials like the Rich list, GenNext and Celebrity lists. An alumnus of Xavier Institute of Communications and H.R College of Commerce and Economics in Mumbai, I have worked for organisations such as Agence France-Presse, Business Standard, The Financial Express and The Times of India prior to this.
For the first time in months, data on bad loans and profitability is starting to prove bankers who had said “the worst is over” right. Most of the leading private sector banks, including Axis, Kotak Mahindra, HDFC Bank and ICICI Bank, and state-owned heavyweights such as State Bank of India (SBI) and Bank of Baroda have reported higher profits and lower bad loans for the quarter ended December 31, 2018.
“This is the end of the stress cycle,” says Yuvraj Choudhary, research analyst at Anand Rathi Securities, a financial services firm. “The bad loans are coming down and slippages are at multi-quarter lows.”
The SBI said total slippages for the quarter were at ₹4,523 crore against ₹10,725 crore in the corresponding previous quarter. ICICI Bank’s fresh slippages are at a 14-quarter low at ₹2,091 crore in Q3FY19 compared to ₹3,117 crore in Q2FY19.