While the bank's corporate loans have grown 3.59% y-o-y, its investment in corporate bonds have 45% y-o-y to Rs 59,636 crore and investment in commercial papers more than quadrupled on a y-o-y basis to Rs 58,651 crore. The company's general insurance arm, Bajaj Allianz General Insurance posted profit after tax at Rs 165 crore as against Rs 208 crore.
Its net profit for the quarter increased by 7.8 per cent to Rs.2814 crore in Q4FY17 versus Rs.2610 crore in th previous quarter.
ICICI Bank reported 189 percent increase in standalone net profit for the March 2017 quarter (Q4) to Rs 2,025 crore ($312 million) from Rs 702 crore ($108 million) in the corresponding period past year, helped by a drop in provisioning for bad loans and rise in net interest income.
The gross non-performing asset ratio of the bank stood at 6.90 per cent during the quarter compared with 6.5 per cent over the previous year.
However, net NPA declined to 3.71 per cent as against 3.81 per cent a year ago.
Return on assets declined marginally by five basis points to 0.41 per cent as on March 2017, from 0.46 per cent in the year-ago. In relative terms, SBI has fared better than other public sector banks in managing its bad assets.
Provisions for bad loans fell 9.4 percent from a year earlier to 109.93 billion rupees in the March quarter. "But it may invoke PCA". Fee income rose 4.9 per cent from a year earlier to Rs 6,078 crore. Bajaj Finance Q4 net up 43%.
The city-headquartered bank's tax write-back almost doubled to Rs 1,016.88 crore for the March quarter of the last fiscal from Rs 515.06 crore for the corresponding period previous fiscal, the bank said in a regulatory filing. "Adjusted for this additional charge loan loss and provision has increased by 41%".
Gross bad loans (GNPAs) as a percentage of total loans fell to 6.9 per cent in March from 7.23 per cent in December. The Bank's Capital Adequacy Ratio was at 11.68% (as per Basel ll) as of March 31, 2017. The credit quality suffered the most in the two- and three-wheeler category.
The aggregate business stood at Rs 95,135 crore as of March 31, 2017 from Rs 89,555 crore.