HDFC Bank management clarifies spike in provisioning
  • WebDesk BTVI
  • Jul 22 2019

HDFC Bank Management gave a clarification regarding the spike in provisioning in the first quarter of FY20. They say the agro portfolio is likely to go under in the coming two quarters as well unless all federal governments have a resolution for the same. They say the bank has created additional contingent provision for certain sectors in addition to specific provisions.