Highlights:

The bank has recorded healthy Return on Equity of 10%, with lower slippage ratio of 1.18% in FY2021.

The bank has additional provisions of Rs 25376 crore.

The credit deposit ratio has declined to 69% with an incremental credit deposit ratio substantially lower at 26%.

In the long term, the bank aims to deliver roe of 15% sustainable basis

The bank is well capitalized.

The bank has reversed interest income of Rs 2127 crore in the quarter ended March 2020 on account of a proforma slippages. Interest on interest benefit to customers has led to interest income reversal of Rs 830 crore in Q4FY2021.

The bank has created quarantine centre of 1000 beds for employees. More than 1.1 lakh employees have been vaccinated.

The collection efficiency in the April 2021 was unaffected at 95-96% which is 20 bps lower than the collection efficiency in March 2021. However, as per the bank, there is always a lag effect between the event and outcome.

The express credit loan book stands at Rs 1.09 lakh crore, which is increased 8% on sequential basis in March 2021 from December 2020. Within the express credit book, about 95% customers are in the salaried segment. About 50% are in the government sector and 50% in the top-rated corporate sector.

There is a lot of potential in express credit growth, while the bank expects express credit growth to moderate slightly but remain strong at 30-35% in FY2022.

The overhead expenses have increased mainly driven by increasing deposits and surge in deposit insurance premiums.

The bank expects to maintain the asset quality going forward

The bank aims to reduce cost to income ratio below 50%.

As per the bank, the deposit rates have bottomed out.

The bank has received Rs 17852 crore worth application for restructuring, of which corporate segment account for 66%.

The bank aims to credit cost at 1.2% and keep it below 2% for FY2022.

The SMA 1+2 loans stands at Rs 11520 crore end March 2021.

The bank has 1.6 crore accounts under the corporate salary package, of which only 19% have availed Xpress Credit loans.

The bank has disbursed Rs 25000 crore of loans in under ECLGS scheme.