The rise in profit was aided by a fall in total provisions, which more than halved on a year-on-year basis to ₹2,711.4 crore in Q4.The bank saw slippages of ₹3,012 crore in Q4 FY19, down 81.7% y-o-y and down 19.5% sequentially
Rakesh Makhija will replace Sanjiv Misra, whose term as the bank's non-executive (part-time) chairman expires on 17 July.The appointment is subject to the approval of the Reserve Bank of India and the bank's shareholders
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