IDFC FIRST Bank Merger and Financial Overview
Retail and Commercial Segment asset quality continues to improve
sequentially.
-GNPA
NNPA
2.26%
1.06%
Retail and Commercial Finance
4.01%
3.86%
3.45%
2.92%
2.63%
I
1.90%
1.82%
1.66%
1.28%
1.15%
Dec-19
Mar-21
Jun-21
(Pre-Covid) (Post Covid 1.0)
(Covid 2.0)
Sep-21
(Covid 2.0)
Dec-21
(Covid 3.0)
Mar-22
PCR%*
55.35%
57.53%
*Includes technical write-offs
61.05%
61.37%
68.21%
69.59%
Asset Quality
The GNPA and NNPA of Retail and
Commercial Finance has improved by
29 bps and 13 bps respectively during
the quarter.
The lead indicators, including
improvement in cheque bounces on
first presentation, collection efficiency,
and recovery rates point to lower NPA
and lower credit losses going forward.
Based on the portfolio analysis of the
key indicators, the Bank expects to
reduce Gross NPA and Net NPA to pre-
COVID levels.
45
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