Banks profitability numbers unreliable due to high accrued interest: Credit Suisse
Mumbai: Credit Suisse has sounded caution on reliability of reported profitability numbers by lenders due to high concentration of interest accrued component in bank’s net interest income. The report also said that reported share of moratorium loans dropped across private banks to 10-25% as of June 2020 versus 30-70% in April 2020. “The interest accrued … Read more