₹1,032 crore specifically towards covid-19 stress. It raised provisioning in the September quarter too. The management said the need for provisioning would reduce hereon.
Another positive is that the bank does not expect large scale restructuring. Of its total loan book of ₹4.07 trillion, around ₹24000 crore worth of loans are eligible for restructuring, the lender said.
So far, it has received about 500 requests for lenient loan terms aggregating to around ₹5200 crore.That said, nearly 17% of the lender’s loan book is exposed to micro, small and medium enterprises which are the most vulnerable segment in the current pandemic.