Net NPA ratio improved to 0.09 per cent, down eight basis points on a sequential basis. Its loan book increased by 15.6 per cent YoY.
In a stock exchange filing, the bank said that it is now awaiting the Reserve Bank of India’s (RBI) approval, after which Chakraborty will take charge replacing Shyamala Gopinath.
Chakraborty, a 1985 batch IAS officer of Gujarat cadre, retired as Secretary of Department of Economic Affairs in April 2020.
He was delivering the Omprakash Tibrewala Memorial Endowment Lecture, at a memorial event organised by FTCCI, in Hyderabad on Friday.
There will be no effect of the RBI order on existing operations including credit cards and digital banking.
While Reliance Industries, Infosys, HDFC, ICICI Bank and Bharti Airtel suffered losses in their market valuation, TCS, HDFC Bank, Hindustan Unilever and Bajaj Finance were the gainers.
Total income on a consolidated basis rose to Rs 34,090.45 crore in the said quarter from Rs 32,850.89 crore a year ago.
In the international market, gold was trading higher at USD 1,908 per pounce, while silver was quoting flat at USD 24.72 per pounce.
'Spot gold prices for 24 carat in Delhi declined by Rs 95 on weak global prices and rupee appreciation,' HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
The private sector lender had posted a consolidated net profit of Rs 6,638 crore in the corresponding quarter a year ago.
While the valuation of RIL tumbled Rs 39,355.06 crore, that of of TCS plunged Rs 19,681.25 crore.
As a result, fees/other income were lower by approximately Rs 800 crore.
Stating that the December quarter growth could outperform the expansion logged in the corresponding quarter a year ago, Mistry said that the Indian economy has shown its resiliency.
According to the bank, these loans will be disbursed almost instantly as and when a need for money arises.
Even as the COVID-19 pandemic rages on, Puri, who retires later this month, said the bank is doing well, has sufficient capital and does not have any strain in the loans that it has made.