It witnessed a sharp rise in slippages of Rs 26,249 crore leading to high provisions. Of the total slippages, Rs 8,363 crore came from the corporate book and the remaining Rs 17,886 crore came in from the retail book. "Net interest income fell 3.5 per cent to Rs 17,606 crore on like-to-like basis which was due to lower lending rates. Loan portfolio shrank Rs 65,000 crore to Rs 18.5 lakh crore.The advances portfolio also dipped be cause of a shift of Rs 40,000 crore to commercial paper. Provisions for bad loans declined 26 per cent to Rs 9,869 crore and gross bad loans rose to 9.9 per cent at Rs 1.88 lakh crore.

Source: Economic Times August 12, 2017 02:26 UTC