Highlights:

. The bank has crossed Rs 1 lakh crore business mark in FY2018, while posting 8% growth in total business to Rs 102863 crore end March 2018 over March 2018, driven by 11% growth in advances to Rs 45973 crore.

. The bank has continued to grow CASA deposits, while CASA deposits ratio has improved to 29.1% end March 2018 from 27.7% end March 2017.

. Within the loan book, the retail advances have increased at strong pace of 20%, while agriculture loans moved up 13% and commercial loan increased 11%. However, the corporate loan book rose at slower pace of 6% end March 2018 over March 2017.

. The bank proposes to grow in line with the market, while expects its loan growth to accelerate to 15-17% in FY2019.

. The bank has improved net interest margin (NIM) to 3.86% in FY2018 from 3.7% in FY2017. The NIM was supported by Rs 60 crore of one income, while the bank expects to sustain NIMs, going forward. Excluding one-off income, the NIM has improved by 4 bps in FY2018.

. The non-interest income of the bank has increased 15% to Rs 900 crore in FY2018, driven by strong 38% growth fee income to Rs 799 crore, while treasury income dipped 51% to Rs 101 crore in FY2018.

. The operating expenses of the bank were impacted due to employee gratuity benefit related provisions of Rs 26 crore in Q4FY2018. The bank has exhibited improvement in cost-to-income ratio to 44.4% in FY2018 from 45% in FY2017, while the bank expects pressure on cost-to-income ratio in FY2019.

. The fresh slippages of loans were Rs 589 crore in Q4FY2018, of which Rs 513 crore came from the corporate book, Rs 63 crore from commercial book, Rs 11 crore from agriculture and Rs 2 crore from personal loan segment.

. The slippages on account of latest revised guidelines of the RBI on NPA recognition and resolution contributed slippages of Rs 175 crore in Q4FY2018. The bank's watch list of stressed accounts stood at Rs 1200 crore end September 2017 of which Rs 550 crore of loans slipped to NPA category in Q3FY2018 and another Rs 325 crore slipped in Q4FY2018.

. The banks watch list of stressed accounts now stands at Rs 325 crore end March 2018, of which 50% is non-fund based exposure. The standard restructured advance book stands at Rs 262 crore, of which bank expects Rs 200 crore slip to NPA category.

. The bank exposure to NCLT related accounts stands at Rs 1196 crore, while bank has made provision of 40% and its required to make additional provisions of Rs 40 crore on NCLT exposure in Q1FY2019. The bank expects most of NCLT exposure to get resolved in FY2019 and don't expects haircut of more than 60%.

. Provisions stood at Rs 394 crore in Q4FY2018, of which Rs 360 crore were credit related and Rs 34 crore were non-credit linked provisions.

. The bank expects its credit cost to decline to normalized level of 1.5% (annualized) from Q2FY2019.