Policy researchers suggest using debt-to-income (DTI) limits and loan-to-value (LTV) ratios as effective macroprudential tools for retail loans. A study by RBI economists highlights the importance of monitoring the retail segment for stress build-up. The sustainability of retail credit flows depends on the health of households, banks, and non-bank financial corporations. Policymakers should consider using structural prudential tools like debt-service ratio and DTI limits. Additionally, credit underwriting and account aggregators can strengthen lender resilience and improve credit monitoring.
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Total income during the quarter improved by 0.7% year-on-year (YoY) to Rs 4711.72 crore.
Net Interest Income (NII) grew by 14% YoY to Rs 1,744 crore, up from Rs. 1,534 crore in Q3 FY20. Despite the COVID-19 pandemic impact, the sequential quarter-on-quarter (QoQ) NII grew by 5%. The NII for the quarter takes into account provision for interest reversal on proforma NPA cases at 31 December 2020.
Net Interest Margin (NIM) rose to 4.65%in Q3 FY21 from 3.86% in Q3 FY20 and 4.57% in Q2 FY21.
The bank s operating profit declined by 3% to Rs 660.94 crore in Q3 December 2020 from Rs 681.70 crore in Q3 December 2019.
The provision for Q3 FY21 was at Rs 595 crore as compared to Rs 2,305 crore for Q3 FY20 and as compared to Rs 676 crore in Q2 FY21. This includes additional COVID provisions of Rs 390 crore during Q3 FY21.