"It led to an increase in our provision coverage ratio to 61.65 per cent in the June quarter from 53 per cent in the year-ago period. "In the coming three quarters, we will have to do a total provisioning of Rs 364 crore for these accounts. "Besides these eight accounts, the bank has also identified seven more accounts worth Rs 1,200 crore which will be referred to the NCLT for insolvency proceedings. "The bank is also reviving its home finance subsidiary Ind Bank Housing. "We are going to put extra capital into Ind Bank Housing and will restructure the existing portfolio.

Source: Economic Times August 06, 2017 06:45 UTC