The gross non-performing assets shot-up to Rs 40,709 crore or 18.87 per cent of assets as of December 31, 2019, up from the preceding September quarter's Rs 17,134 crore or 7.39 per cent, which forced the bank to set aside Rs 24,765 crore as provisions for the expected reverses and eroded the bottom line.

The bank's board was superseded by the government on March 5, and the RBI had appointed former chief financial officer of SBI, Prashant Kumar, as the administrator.

Kumar is set to be its chief executive and managing director and the bank reported its results late on Saturday evening after what seems to be a marathon day of meetings.

The bank's woes primarily stem from alleged corporate governance lapses under co-founder chief executive Rana Kapoor, who was arrested last weekend by the Enforcement Directorate and was booked under a fresh case by the CBI on Friday.

Kapoor's successor Ravneet Gill had chosen to report stress in the March 2019 quarter, leading for the maiden quarterly loss, and followed it up with two more quarters of weak results.

For the December quarter, the bank informed the exchanges that the common equity tier-I ratio had fallen to 0.6 per cent as against a mandated requirement of 7.375 per cent, and added that it had breached the liquidity ratios as well.

The bank disclosed that there had been an over Rs 44,000-crore dip in its deposits between September and December to Rs 1,65,000 crore, while there has been a sharp decline in interest earned, suggesting a dip in advances due to the lack of capital.

Meanwhile, on the vexed issue of the future of the additional tier-I bondholders, the auditors said the bonds could be utilised for improving its CET-1 capital buffers.

In the notes to accounts, the bank said slippages up to Saturday had been included in the results as against the normal practice of sticking to the end of the quarter date.

The bank had sought a permission to defer its reporting of the financial results to Saturday when Gill was in the helm, pointing out to the difficulties it posed to the capital raising exercise, which never materialised.