Provisions tripled to ₹1,732 crore from ₹528 crore a year ago, primarily as the bank increased its provisioning buffer for its microfinance business by ₹315 crore, covering about 99% of its loans due for more than 30 days but which are still not classified as NPA. This provision along with a ₹253 crore hit the bank took on a legacy toll account led to a spike in provisions, impacting profits.
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