Net NPA improved by 158 bps and dropped to 2.55 per cent as on December 31, 2020 from 4.13 per cent a year ago. In absolute terms, it has reduced by Rs 683 crore to Rs 1,263 crore from Rs 1,946 crore as on December 31, 2019. NNPA stood at 3.92 per cent as on 31.03.2020. Provision Coverage Ratio stands at 77.35 per cent.
As on December 31, 2020, Gross NPA also has declined to 7.37 per cent (Rs 3,842 crore as compared to Rs 4,424 crore a year ago). GNPAs were Rs 4,213 crore (8.68 per cent) as on March 31, 2020. Considering the impact of proforma NPA as of December 31, 2020, the GNPA and NNPA ratio will work out to 9.07 per cent and 4.08 per cent respectively, the Bank said.
Provision Coverage Ratio improved to 77.35 from 65.43 per cent.
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