IDFC FIRST Bank: Quarterly Income and Business Overview
Section 4: Bank maintains strong overall Asset Quality
Dec-19
In Rs. Crore
Mar-20
(Pre-Covid)
Proforma Dec-20
(Post-Covid)
Mar-21
(Post-Covid)
Sequential (QoQ)
movement
GNPL
2,511
2,280
4,044
4,303 Increased by Rs. 259 crore
Provisions for GNPL
1,440
1,471
2,117
2,420 Increased by Rs. 303 crore
NNPL
1,071
809
1,927
GNPA (%)
2.83%
2.60%
4.18%
4.15%
1,883 Decreased by Rs. 44 crore
Decreased by 3 bps
NNPA (%)
1.23%
0.94%
2.04%
1.86%
Decreased by 18 bps
Provision Coverage Ratio %
57.35%
64.53%
52.35%
56.23%
Increased by 388 bps
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•
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Earlier, the Supreme Court vide an interim order dated September 03, 2020 had directed to stop NPA classification till further orders. The interim
order granted to not declare accounts as NPA stood vacated on March 23, 2021 vide the judgement of the Honourable Supreme Court.
Accordingly, the Bank has continued with asset classification of borrower accounts as per the extant RBI Instructions.
Including the additional COVID-19 provision of Rs. 375 crore made in Q4-FY21 and carried forward to FY22, the PCR would be 64.95% on reported
GNPA and NNPA as on March 31, 2021.
The total restructured (approved & implemented) book including retail and wholesale loans stood at 0.9% of the total funded assets.
Section 4: Assets Quality
37
IDFC FIRST
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