The enhanced stress in many sectors, such as infrastructure, iron and steel and textiles, has impaczted the asset quality of the bank. As a result, gross NPAs moved from R5,824 crore in March 2014 to R6,174 crore in June 2014 (up from 5.89% to 6.26%). Net NPAs moved from R2,985 crore to R3,197 crore (up from 3.12% to 3.37%), the bank said.
Net interest margin (NIM) also came down to 3.02% from 3.29%. The banks total business stood at R2,20,730 crore at end of June 2014 ,comprising total deposits of R1,22,068 crore and advances of R98,662 crore.