Huge loan loss provisions took a toll on IDBI’s financial performance, with the net loss drastically widening to Rs 3,200 crore in the fourth quarter ended March 31, 2017 as against Rs 1,736 crore in the year ago quarter.

In FY2017, the public sector bank’s net loss widened to Rs 5,158 crore as against Rs 3,665 crore in FY2016.

Last week, the Reserve Bank of India had placed the bank under prompt corrective action, which is aimed at nursing it back to health, as its key financial numbers had weakened substantially.

Loan loss provisions skyrocketed to Rs 5,333 crore in the reporting quarter as against Rs 186 crore in the year ago period.

As at March-end 2017, gross non-performing assets (GNPAs) position as a percentage of gross advances deteriorated to 21.25 per cent as against 10.98 per cent as at March-end 2016.

In absolute terms, GNPAs soared to Rs 44,753 crore as at March-end 2017 as against Rs 24,875 crore as at March-end 2016.

Also read: India Ratings downgrades IDBI Bank