Income during the March quarter also declined to Rs 3,424.65 crore from Rs 3,906.74 crore, the bank said in a regulatory filing.
The bank had posted profit of Rs 111 crore in the year-ago period.
This is the third straight weekly fall amid dollar’s rising strength.
The United Forum of Bank Unions (UFBU) proposed the strike beginning 6 a.m. on May 30, till 6 a.m. on June 1, demanding early revision of wages.
Some importers are also availing themselves of foreign currency denominated loans (FCNR Loans) against their foreign currency bank deposits.
The impact of demonetisation, farm loan waiver by several state governments including Uttar Pradesh, have derailed repayment collection for small banks and micro lenders.
The bank added about 7.6 lakh new borrowers in FY18. Its deposit base grew to Rs 3,772 crore.
The debt, nearly about Rs 13,000 crore, has been grouped into four clusters to facilitate the resolution plan. Four IRPs have also been appointed by the banks.
KSL & Industries is promoted by the family of Pravin Kumar Tayal, the chairman of the erstwhile Bank of Rajasthan. The bank was acquired by ICICI Bank about eight years ago.
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