The bank reported standalone net profit of Rs 1,493.08 crore for the quarter ended March 31, 2025 as compared to Rs 1217.67 crore in the same period last year, registering a year-on-yearÿgrowthÿof 22.62 per cent.
Interest income of the bank rose by 23.12 per cent at Rs 6730.78 crore for the quarter ended March 31, 2025 as against Rs 5466.70 crore in the corresponding period last year.
During the January-March quarter, total income rose moderately by 18.85 per cent to Rs 7,711.44 crore from Rs 6,488.25 crore in the year ago period.
Meanwhile, operating expenses increased by 21.34 per cent to Rs 5,191.70 crore from Rs 4,278.63 crore in the same period last year.
Operating profit surged 14.03 per cent to Rs 2,519.74 crore from Rs. 2,209.62 crore.
Provisions and Contingencies surged by 4.35 per cent at Rs 983.25 crore from Rs 942.30 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, increased by 20.59 per cent at Rs 3,116.43 crore versus Rs 2,584.37 crore in the year ago period. Non-interest income dipped 4.00 per cent year-on-year to Rs 980.66 crore.
On the asset side, gross non- performing assets (NPAs)ÿfellÿto 1.74 per cent of the gross advances as at the end of March 31, 2025 from a level of 1.88 per cent year earlier. Its net NPAs or bad loans tooÿdeclinedÿto 0.18 per cent of net advances on March 31, 2025 from 0.20 per cent a year ago.