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8 percent and net NPA dropped 210 bps QoQ to 3

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Canada Goose online In respect of RBI referred NCLT accounts (List 1 2), as on March 2020, bank said it held 100 percent provision of the outstanding value of Rs 3,959.34 crore, while it had made additional provision of Rs 271 crore in four Accounts, where the viable Resolution Plan has not been implemented within 180 days of review period.But the bank’s provision coverage ratio improved to 83.74 percent at the end of March 2020, compared to 77.2 percent as of December 2019.Find All Earnings Related News HereAsset quality improved given the lower slippages. Gross non performing assets (NPA) as a percentage of gross advances fell 150 bps sequentially to 14.8 percent and net NPA dropped 210 bps QoQ to 3.9 percent in Q4FY20.Bank of India said slippages at the end of March quarter 2020 stood at Rs 2,764 crore, against Rs 6,716 crore in December quarter.”Q4 slippages were down 58.8 percent QoQ. We have hit the bottom in terms of provisions but NCLT recovery remains uncertain,” said AK Das, MD CEO in an interview to CNBC TV18.”The bank’s focus was mostly on PSU PSU backed entities for loan growth and we expect loan growth of 8 9 percent for FY21,” he added. Canada Goose online

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