The bank’s standalone net profit at the end of 31 December, 2019 stood at ₹4,146 crore as compared to ₹1,605 crore during the same period a year ago. The bank saw bad loan recoveries and upgrades worth ₹4,088 crore during the third quarter. Provisions declined 51% to ₹2,083 crore during the quarter as against ₹4,244 crore during the same period last year. Fresh addition to non-performing assets stood at ₹4,363 crore at the end of December 2019 as against ₹2,482 crore in the previous quarter. Fee income rose 17%, on an annual basis, to ₹3,596 crore with retail fees constituting 77% of total fees, the bank said.

Source: Mint January 25, 2020 09:53 UTC