The bank has continued to consolidate its loan book and new loan book built since October 2020 stands at Rs 18000 crore and the average ticket size has declined from Rs 17 lakh to Rs 14 lakh. NPA from the new book is less than 0.1% and SMA2 is about 0.6%.

The disbursements were strong at Rs 16800 crore in the nine months ended December 2021 and disbursements were strong across segments.

The disbursements have jumped 81% to Rs 7901 crore in the quarter ended December 2021.

The good quality corporate lending stands at Rs 7600 crore in the nine months ended December 2021 and the share of good corporate rated above a has increased to 82% from 63% end March 2021.

The gold loan disbursement stood at Rs 5200 crore with the average ticket size of 1.4 lakh and LTV of 74%.

The bank is cautious on lending in the SME segment.

The bank has stepped up recovery efforts and recorded recoveries of Rs 928 crore in the nine months ended December 2021.

The bank is targeting recoveries of Rs 1200 crore for FY2022 which will be two times recoveries achieved in FY2021.

The bank has exhibited decline in the SMA loan book to Rs 1330 crore end December 2021 from Rs 2139 crore and June 2021. The bank aims to reduce SMA loan book below Rs 1000 crore.

The collection efficiency has improved substantially to 100.6% in Q3FY2022 from 95% in Q2FY2022.

The bank has recorded fresh slippages of Rs 387 crore, while recoveries and upgradations were at Rs 295 crore.

The covid related restructure loan book stood at Rs 1970 crore of which Rs 1024 crore is business loans, Rs 306 crore is personal loans and Rs 640 crore is corporate loans.

The bank has improved net interest margin by 15 bps on qoq basis to 2.65% in Q3FY2022.

The provision coverage ratio has improved to 68.5% from 65%.

Under ECLSGS scheme, the sanctions were at 10859 accounts with the exposure of Rs 3339 crore. The outstanding exposure under ECLGS scheme stands at Rs 2434 of which Rs 169 crore has slipped to NPA category.

The overall restructured loan book stood at Rs 3737 crore of which Rs 878 crore mostly relating to the flood related restructuring has slipped to NPA category and Rs 180 crore is upgraded or closed. The outstanding restructured loan book stands at Rs 2567 crore end December 2021.

The newly built loan book breakup - retail at Rs 4400 crore, corporate 4600 crore, business Rs 1086 crore and agriculture including gold loans at Rs 7290 crore.

The bank expects fresh slippages of Rs 454 for Q4FY2022.