The bank reported standalone net profit of Rs 123.48 crore for the quarter ended March 31, 2025 as compared to Rs 321.67 crore in the same period last year, registering a year-on-yearÿdeclineÿof 61.61 per cent.
Interest income of the bank rose by 7.94 per cent at Rs 1199.28 crore for the quarter ended March 31, 2025 as against Rs 1111.07 crore in the corresponding period last year.
During the January-March quarter, total income rose moderately by 11.02 per cent to Rs 1,433.16 crore from Rs 1,290.94 crore in the year ago period.
Meanwhile, operating expenses increased by 20.16 per cent to Rs 1,140.31 crore from Rs 949.01 crore in the same period last year.
Operating profit slipped 14.35 per cent to Rs 292.85 crore from Rs. 341.93 crore.
Provisions and Contingencies slipped by 1.39 per cent at Rs 173.01 crore from Rs 175.45 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, increased by 1.00 per cent at Rs 596.90 crore versus Rs 591.01 crore in the year ago period. Non-interest income rose 30.03 per cent year-on-year to Rs 233.88 crore.
On the asset side, gross non- performing assets (NPAs)ÿroseÿto 2.71 per cent of the gross advances as at the end of March 31, 2025 from a level of 2.11 per cent year earlier. Its net NPAs or bad loans tooÿincreasedÿto 0.94 per cent of net advances on March 31, 2025 from 0.56 per cent a year ago.