However, the sharp contraction in its corporate loan book that led to a near 3% contraction in its overall domestic loan book was enough to worry investors. View Full Image Not out of the woodsThe lender’s corporate loan book dropped a massive 12% year-on-year (y-o-y) and was down 11.5% sequentially. The lender let go of low-yielding corporate loans, the main driver behind this fall. Therefore, analysts expect the bank’s slippages to remain under control and incremental provisions to remain modest as well. Improvement in net interest margin and healthy recoveries buoyed core income even as the loan book contracted.

Source: Mint August 09, 2021 17:26 UTC