No more accounts in pipeline for restructuring: Dena Bank

Q: What have the fresh slippages been in this particular quarter and what could it look like going ahead in the next couple of quarters?

A: If you talk in absolute terms, there has been a slippage of around Rs 100 crore, and it has been in small accounts. I am pretty confident that going forward we will be able to curb the growth of NPA.

In terms of gross NPA, sequentially it has gone from Rs 956 crore to Rs 1,076 crore. So it is around Rs 110 crore growth because of lesser growth in credit. But net NPA sequentially also has remained at 1.01% only; it has come down from June quarter last year from 1.08% to 1.01%. Our provision coverage ratio also we have maintained; last quarter it was 75.53% and it is 75.62% now.

Q: In infrastructure and the power sector, what are the fresh restructured assets you have?

A: We do have good exposure on DISCOMs, and that has been the major restructuring issue for us. Fortunately, with this quarter everything is over. While disclosing the results last quarter I had said that we have done around Rs 1,300 crore and balance we were to do this quarter. We have completed that.

Not only have we completed that restructuring of around Rs 800 crore, but we have also done the NPV provisioning at the beginning of the year so that our profitability going along does not get affected.

Q: Where does the outstanding restructured book of the bank stand at currently?

A: At around Rs 3000 crore now and our major restructurings are over now.

Q: So there are no more accounts in the pipeline for restructuring?

A: No, all DISCOMs and power sector restructuring which was required has been done.

Q: What about the loan growth and deposit growth, what do you think you can manage for the current year?

A: We are looking at around 18% in deposit and around 20% in loan.