Capital First Strategy, Loan Growth and Profitability Trends
Section 4: In addition to declared NPA accounts in Wholesale Loan Assets, Bank has proactively identified
the following wholesale accounts, which are standard on the books but are stressed or potential NPAs, and
taken provisions for the same proactively.
Client Description (Rs. Crore)
Comments
o/s
Exposure
Provision
PCR%
904
154
17%
The repayment has been consistently delayed (SMA2) but regular prior to the lockdown. The revenue from the tolls
have been impacted but improving gradually.
545
545
100%
There have been delayed payment receipts from three discoms due to PPA related dispute.
252
13
5%
Certain developments at the company have delayed the repayments. Account is being closely monitored.
Toll Road Projects in MH
Thermal Power Project in Orissa
Toll Road (BOT) project in MH
Diversified Financial Conglomerate in Mumbai
215
215
100%
Wind Power Projects in AP, GJ, KN, RJ
161
92
57%
Logistics Company in Karnataka
Financial Institution in MH
100
100
100%
89
89
100%
Solar Projects in RJ
85
0%
Coal beneficiation & thermal power in
82
16
20%
Chattisgarh
Toll Road Projects in TN
42
10
23%
Wind Power Projects in KN and RJ
19
18
95%
Microfinance Institution in Orissa
19
19
100%
Toll Road Project in Punjab
16
16
100%
Total Stressed Pool Identified
2,528
1,285
51%
These companies have been in significant stress and have defaulted on repayments. We expect significant principal loss
from these accounts against our exposure and adequate provisions have been made.
Repayments have been regular in the past. The company has experienced delay in repayment from certain discoms;
repayment may be delayed.
The group has been under financial stress and company's activity levels have reduced significantly resulting in default
on debt obligations. The Bank has initiated legal proceedings against the company.
The company is facing financial stress due to COVID19 situation and is being monitored closely. This account has been
identified as Proforma NPA.
Repayments have been regular in the past. Due to Operations and Maintenance issues, the generation of cash flows is
under some stress lately.
Post the COVID Pandemic the account has classified as Proforma NPA; This account has also been approved for
restructuring by the lenders, implementation is awaited
The account has been regular based on its repayment track record. It may require additional cash flows for
maintenance which has been pending.
Repayments were regular in the past. No delay in discom payments in Karnataka but there is delay in discom payments
in Rajasthan;
The account has been identified as stressed as financial fraud allegations have surfaced against the firm based in Orissa.
This account has been identified as Proforma NPA.
The company has been servicing the lenders with delays as toll receipts have reduced due to alternate road; This
account has been identified as Proforma NPA.
The above table includes 4 accounts that are now identified as Proforma NPA. The O/s Exposure on such accounts is Rs. 206 crore against which there is a provision of Rs. 139 crores (PCR at 67%).
34
Section 4: Assets Quality
IDFC FIRST
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