Highlights:

The bank has exhibited Consistent and stable growth on all parameters.

The growth in the retail, agriculture and MSME segment is higher than corporate growth. The corporate growth has also picked up and further action is expected ahead. The bank is well positioned for faster growth ahead.

Bank is holding provisions of 21.5% on notional NPA of Rs 5000 crore

As per the bank, the restructuring of loan book under RBI framework is expected at 1.62% of the loan book which mostly comes from the corporate book.

The bank has maintained gross and net NPA ratio under control.

As per the bank, the loans amounting to Rs 6034 crore were eligible for ECLGS 1 of which bank has sanctioned loans amounting to Rs 5897 crore and disbursed Rs 5203 crore of loans.

Under ECLGS 2, accounts eligible were 24 and bank has received applications from 17 accounts with the eligible amount to Rs 255 crore.

Restructuring from agriculture segment is expected to be zero, while the retail segment is expected at Rs 351 crore and MSME at Rs 500 crore.

The national NPAs for the quarter ended September 2020 were at Rs 2000 crore and for the quarter and the December 2020 at Rs 3000 crore.

The bank has improved collection efficiency to 85% and December 2020 on cumulative basis.

The bank expect slippages of Rs 600 to Rs 700 crore on account of KCC in January 2021.

The bank expects to maintain its credit cost below 2% in FY2021 and at 1.5- 1.7% in FY2022.

The exposure to the educational loan segment stands at Rs 14700 crore of which some accounts have been restructured earlier while the NPA ratio stands at 15%.