In the June quarter of financial year 2021-22 (Q1FY22), the lender posted a profit of Rs 210 crore due to lower provisions. It’s gross non-performing assets (NPA) ratio rose 20 basis points sequentially to 15.6 per cent as the bank resorted to heavy restructuring.
It’s outstanding gross NPAs were Rs 28,506 crore. A large chunk of its NPAs are from exposure to entities such as Reliance Capital, Zee Entertainment, Videocon, and others.
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