A release of the bank started total provisions fell to Rs 421.6 crore as of 31 March from Rs 703.9 crore in the previous fiscal year. DBS Bank India did not have write-offs or sale of bad loans in fiscal 2016. However, its provisions towards non-performing assets (NPA) trebled to Rs.239.7 crore as of 31 March from Rs.54.7 crore in the previous year. The increase in provisions improved the provision coverage ratio (PCR) to 62.28% from 59.35% a year ago. Net NPA ratio rose to 4.34% from 4.15% a year ago, indicating asset quality pressures still remain.
The bank said that it made a provision of Rs 35.8 crore towards loans under strategic debt restructuring.