Total earnings throughout Q1 FY22 got here down to Rs 2,086.47 crore from Rs 2,171.86 crore in Q1 FY21, the financial institution mentioned in a regulatory submitting.
Interest earnings fell to Rs 1,633.39 crore from Rs 1,886.88 crore. Likewise, the earnings on investments and from different sources additionally dropped through the reported quarter.
Its proportion of dangerous belongings grew considerably, with the gross non-performing belongings (NPAs) or dangerous loans leaping to 8.02 per cent of the gross advances as of June 30, 2021, as in opposition to 4.93 per cent within the year-ago interval.
In worth phrases, the gross NPAs elevated to Rs 4,677.12 crore from Rs 3,245.44 crore.
Net NPAs additionally rose to 5.05 per cent (Rs 2,854.64 crore) from 3.09 per cent (Rs 1,992.86 crore).
Provisions for dangerous loans and contingencies had been raised to Rs 497.97 crore for the June quarter of FY22 as in opposition to 293.08 crore for the year-ago interval.
Further, the lender mentioned it has included a wholly-owned non-financial subsidiary ‘SIB Operations and Services Ltd’ on May 28, 2021. It has not but commenced enterprise, it added.
Scrip of SIB closed 1.83 per cent up at Rs 12.23 apiece on BSE.