The bank reported standalone net profit of Rs 7,117.50 crore for the quarter ended March 31, 2025 as compared to Rs 7129.67 crore in the same period last year, registering a year-on-yearÿdeclineÿof 0.17 per cent.
Interest income of the bank rose by 6.91 per cent at Rs 31242.51 crore for the quarter ended March 31, 2025 as against Rs 29224.54 crore in the corresponding period last year.
During the January-March quarter, total income rose by 5.65 per cent to Rs 38,022.03 crore from Rs 35,990.33 crore in the year ago period.
Meanwhile, operating expenses increased by 7.13 per cent to Rs 27,269.66 crore from Rs 25,454.63 crore in the same period last year.
Operating profit surged 2.06 per cent to Rs 10,752.37 crore from Rs. 10,535.70 crore.
Provisions and Contingencies surged by 14.68 per cent at Rs 1,359.35 crore from Rs 1,185.31 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, increased by 5.51 per cent at Rs 13,810.54 crore versus Rs 13,089.00 crore in the year ago period. Non-interest income rose 0.20 per cent year-on-year to Rs 6,779.52 crore.
On the asset side, gross non- performing assets (NPAs)ÿfellÿto 1.28 per cent of the gross advances as at the end of March 31, 2025 from a level of 1.43 per cent year earlier. Its net NPAs or bad loans tooÿincreasedÿto 0.33 per cent of net advances on March 31, 2025 from 0.31 per cent a year ago.