This small size private sector bank had to increase its provisioning for Q4Fy16 and that to some extent impacted growth. Provisions went up to Rs.27 crore, up over 90% YoY and up 30% QoQ. But for this, the overall picture was good.

It ended the quarter with a 10% (YoY)rise in net profit at Rs.69 crore while NII rose 30% to Rs.169 crore. The 33% jump in other income also helped.

In terms of asset quality, there was an improvement. Gross NPA during the quarter fell from 1.98% to 1.51% (QoQ) while Net NPA declined to 0.75% from 1.12%. It reported slippages of Rs.50 crore, about one-fourth of slippages for FY16.

For FY16, the bank clocked a net profit of Rs.195 crore against Rs.191 crore in FY15.