The net interest margin, a measure of profitability, of the bank stood at 3.55 per cent and for FY20 stood at 3.51 per cent. The provisions made by the bank rose sharply by 185 per cent to Rs 7,730 crore in Q4FY20, from Rs 2,711.43 crore in the year-ago period, which includes Rs 3,000 crore provided for Covid-19, thereby taking the overall additional provisional held by the bank to Rs 5,983 crore. The bank has provided Rs 4,204 crore in Q4FY20 for bad loans, compared to Rs 1,714 crore in the same period last financial year. The provision coverage ratio (PCR) of the bank improved to 69 per cent at the end of Q4FY20, against 62 per cent in Q4FY19.
The bank has recognised additional slippages of Rs 3,920 crore in Q4FY20 and has provided almost Rs 1,700 crore for the slippages. The slippages reported by the bank in Q4FY20 were much lower than the slippages reported in Q3FY20 to the tune of Rs 6,214 crore.
The gross non-performing assets (GNPA) improved to 4.86 per cent in Q4FY20, against 5.26 per cent in Q3FY20, while the net NPA improved to 1.56 per cent in Q4FY20, against 2.06 per cent in the year-ago period.
The deposit base of the bank grew 19 per cent to Rs 6.4 trillion, while advances grew 15 per cent to Rs 5.71 trillion. The bank’s loan-to-deposit ratio stood at 89 per cent and retail loans grew 24 per cent accounting to Rs 3.05 trillion. The bank’s retail portfolio is about 53 per cent of the net advances.