The public lender’s asset quality improved. The gross non-performing assets (GNPA) came in at Rs 1.61 lakh crore, down nearly 5 per cent QoQ, from Rs 1.68 lakh crore reported in Q1FY20. GNPA ratio stood at at 7.19 per cent for the quarter under review, down 276 bps YoY and 34 bps sequentially.
As for NNPA, the absolute figure came in at Rs 59,939.2 crore for Q2FY20. The same was Rs 65,624 crore in Q1FY20, and Rs 94,809.98 crore in the corresponding quarter of the previous fiscal.
The banks' gross slippages nearly halved during the recently concluded quarter. The amount came in at Rs. 8,805 crore, down 45.68 per cent sequentiallym from Rs.16,212 crores during Q1FY20. For the quarter ended September 2019, the bank made provisions of Rs 996 crore.
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"Provision Coverage Ratio (PCR) improved significantly by 1049 bps YoY from 70.74 per cent as on September 2018 to 81.23 per cent as on September 2019. Sequentially also, PCR has improved by 189 bps," the bank said in a statement.
The bank's retail advances rose 19 per cent YoY to Rs 6.85 lakh crore, from Rs 5.76 lakh crore in Q2FY19. The corporate loan book, however, rose marginally by 3 per cent to Rs 7.65 lakh crore. The domestic current account-savings account (CASA) deposits jumped 8 per cent YoY.
At 2:24 PM, the stock of the state-owned lender was trading 7 per cent higher at Rs 281.65 per cent, as against a 0.2 per cent decline in the benchmark S&P BSE Sensex.