On asset front, bank's gross non-performing assets (NPAs) were at 1.36 per cent of gross advances as on March 31, 2019, as against 1.30 per cent as on March 31, 2018. Coverage ratio as on March 31, 2019 was 71 per cent.
Net non-performing assets or bad loans were at 0.30 per cent of net advances against 0.40 per cent. The lender said that it held floating provisions of Rs 1,451 crore as on March 31, 2019.
"We are also pleased to inform that the Board of Directors have recommended a dividend of Rs 15 per equity share for the year ended 31st March, 2019, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Bank", it said.
The board also approved raising up to Rs 50,000 crore through private placement of debt instruments in the next 12 months.
The Board of Directors have approved the issue of Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long Term Bonds (financing of infrastructure and affordable housing) up to a total amount of Rs 50,000 crore in the period of next 12 months through private placement mode, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Bank and any other regulatory approvals as applicable, it said further.
Additionally, the bank also informed due to minimal number of GDRs outstanding and the low trading volume of the GDRs, the Board has decided for termination of the GDR programme and delisting of 22 GDRs (representing 11 underlying equity shares of the Bank) from the Luxembourg Stock Exchange (LSE).
"The Bank shall take necessary steps in this regard," it said.