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It’s operating profit however grew 17% at Rs 898 crore from Rs 769 crore in the same period.
The bank’s gross non-performing assets (NPA) deteriorated to 18.93% of total advances compared with 17.81% a year back, compelling the lender raise provisioning to Rs 3003 crore from Rs 1900 crore to cover bad loans.
Provision coverage ratio rose to 82.42% as against 69.64% a year ago.
The GNPA ratio however improved marginally from 19.05% three months back. The net NPA ratio improved to 5.13% from 5.98% as on September last year and from 7.70% a year back.
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