Net NPAs stood at 7.65% for the June quarter compared with 6.35% in the last quarter and 4.24% a year ago. Out of total provisions, the bank set aside Rs.19.03 crore for a loan availed by the government of Punjab under its food credit programme. Provisions increased to Rs.666.85 crore in the fiscal year first quarter from Rs.324.75 crore a year ago. Operating profit increased to Rs.270.44 crore in the three months from Rs.226.30 crore in the same period last year. Capital adequacy ratio stood at 10.79% according to Basel III norms.

Source: Mint August 12, 2016 13:41 UTC