Subsequently, Sharma took an aggressive position to build the bank and grow its assets in both the retail and wholesale lending. The bank, which reported gross NPAs of Rs 1,173 crore at the end of December 2009, saw them jump to Rs 25,001 crore at the end of December 2017. At the end of December 2016, gross bad loans were at Rs 20,466 crore against Rs 5,724 crore at the end of December 2015. Net profit fell to Rs 579 crore in the December 2016 quarter from Rs 2,175 crore in the year earlier. The asset-class divergence uncovered by RBI was Rs 9,480 crore in FY16 and Rs 5,633 crore in FY17.

Source: Economic Times April 09, 2018 14:00 UTC