The state-run bank's group net profits jumped to Rs.
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1.68 billion, while revenues topped Rs.
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9.68 billion during the period under review.
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As it stepped up its recoveries drive, the bank was able to write back about Rs. 480 million in non-performing assets, which helped expand its bottomline.
During the period, the bank's total borrowings jumped Rs. 25 billion to Rs. 61 billion, as it tapped local and overseas markets (it borrowed US$ 130 million via a syndicated loan).
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