In a credit alert, the rating agency noted that even if the situation in Venezuela escalates and disrupts crude oil production, the impact on global oil prices is expected to be muted, as Venezuela accounts for only about 1.5 per cent of global crude oil supply.
Volumes during the third quarter stood at around Rs 63,000 crore, broadly in line with the corresponding period last year.
Interestingly, it cited that operating margin had improved by 100 bps last fiscal despite lower revenue growth, due to reduction in advertising and promotional expenses.
The banks bad loans or non-performing assets (NPAs) will reach 10.5 per cent of the total advances by March 2018,…
