The bank had reported a net loss of Rs 2,583 crore for the same quarter previous fiscal.
The lender said the RBI had pointed out divergence in respect of its provision for NPAs at Rs 27,324 crore for the FY2018 as against Rs 25,044 crore provision reported by the bank.
"Due to divergence found by RBI for FY18, the provisions for NPAs increased by Rs 2,280 crore in this quarter. Also, there were provision on account of ageing of NPAs," the bank's Managing Director and CEO Rajkiran Rai G told reporters here.
The worst for the bank is over and expects healthy growth in the coming quarters, he added.
For the full fiscal, the bank reported a net loss at Rs 2,948 crore as against Rs 5,247 crore in FY2018.
Domestic net interest margin (NIM) stood at 2.38 per cent for the quarter as against 2.23 per cent, while global NIM was 2.27 per cent.
Gross NPA of the bank improved to 14.98 per cent from 15.73 per cent, while net NPAs stood at 6.85 per cent compared to 8.42 per cent.
Rai expects gross NPAs to be below 12 per cent and net NPA in the range of 5-6 per cent by FY2020.
Fresh slippages in the quarter declined to Rs 3,275 crore from Rs 10,043 crore in the same period previous fiscal.
The lender has an exposure of Rs 1,100 crore to Infrastructure Leasing and Financial Services (IL&FS), of which Rs 1,000 crore has turned NPA.
The lender sold Rs 38 crore of bad loans to asset reconstruction companies in the quarter and Rs 700 crore of NPAs during the full year.
The bank is looking to raise Rs 300 crore in FY2020 by selling its stake in NSE, NPCI NSDL and CCIL, Rai said.
Its total deposit grew 1.8 per cent to Rs 4,15,915 crore as on March 31, 2019 and advances increased by 7.8 per cent to Rs 3,10,932 crore.
Rai expects loan growth of 9.11 per cent and deposits at 8 per cent in the current fiscal.
The bank's scrip ended up 4.21 per cent at Rs 79.25 apiece on the BSE Tuesday.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)