Based on the CSB Bank Ltd, Kerala is expecting a very slowdown in all types of loan collections following the second provided lockdowns in Kerala and Tamil Nadu. CSB’s management told all the media after announcing fourth-quarter earnings that with a little bit of collection efficiency at 93-94% in April, recovery can also see some of the impacts.
All the minimal private sector lenders have already reported Rs 42. 9 crores at the end of March quarter due to a bit of a bit higher core income and the significantly lower provision. The bank had already reported a loss of Rs59.7 crore a year ago.
The bank’s core total income, or total interest income, rose by 75% to Rs275 crore against Rs157.54 crore last year. Gold loan and other types of loan collection are prolonged.
Many of the bank’s already asset quality deteriorated sequentially with non-performing assets as the percentage of most of the loans at 2.68% at the last of March quarter compared with the 1.77% in last third quarter. GNPAs, however, stood a little bit higher at 3.5% in the March quarter previous year.
In these types of business terms, many of the banks grew the loan book by 27% and deposits book by 21% year-on-year. The bank already opened 101 branches in FY21 and is looking to spread some different types of 200 units in states, including Tamil Nadu, Andhra Pradesh, and other states.
SMEs would continue to be in focus. Revised structure and all types of policies are in place for SME vertical and focus on the select segments, the customer already priorities, and the total value proposition. The retail team would be working on improved product offerings and all the related process framework.