After OP Bhatt left Pratik Chaudhuri has taken no time in utilising the changeiver to mark a new baseline for the bank's further performance measurement as it remains the star of the Indian Big league. With unending discussions on provisions the bank has raised provisions by more than $275 million or INR 1100 crores to INR 33 bln bringing profits to NEAR ZERO for the quarter. A Sales growth of 19.9% in NII shows that Credit growth tapering off will no longer be compensated by low rate marketing and on retail mortgages also all excess provision requirements have been adhered to to be on the policy makers side. The counter cyclical provision has also been created for India's "TBTF" effort

The bank has increased Net NPAs by a few bp to 1.69% Its rights issue has been deferred and a standalone provision exceeds $1 bln

meanwhile upstream energy comppanies have also been chosen to bear the rising OIL bill increasing their contribution to 39% (proposed) 

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