PBT before provisions and write off for Q1FY21 stood at Rs146cr as against Rs123cr in Q1FY20. PAT for Q1FY21 was registered at Rs60cr as against Rs.59cr in Q1FY20, an increase of 1.69 %.
During the quarter, Bank made provisions of Rs68.34cr including the additional provision of Rs45cr for the potential impact of Covid-19 in addition to Rs99.63cr Covid-19 provision created in the last quarter.
The bank now carries Rs144.63cr of Covid-19 related provisions (other than Standard and NPA Provisions), which constitutes 0.93% of our total Gross Advances.
As of June 30, 2020 Total CRAR at 21.59% and Tier-I CRAR of 20.61%; Well above minimum regulatory requirements of 15% and 7.5%. Tier II Capital at 0.98%.
Bank has undertaken Inter-Bank Participation Certificates (IBPCs) with a mix of PSL/Non-PSL advances which further enhances the liquidity of the Bank. Liquidity Coverage Ratio (LCR) as on June 30, 2020 at 139.4% much above the minimum regulatory requirement of LCR at 80%. Average cost of funds for Q1FY21 stood at 7.63%.
Moratorium Opted was 43% as of July 2020 from 51% as of June 2020.
Equitas Holdings Ltd trade ended at Rs51.85 up by Rs0.95 or 1.87% from its previous closing of Rs50.90 on the BSE.