The bank reported standalone net profit of Rs 83.39 crore for the quarter ended March 31, 2025 as compared to Rs 329.63 crore in the same period last year, registering a year-on-yearÿdeclineÿof 74.70 per cent.
Interest income of the bank rose by 2.93 per cent at Rs 1573.36 crore for the quarter ended March 31, 2025 as against Rs 1528.51 crore in the corresponding period last year.
During the January-March quarter, total income rose marginally by 4.44 per cent to Rs 1,843.05 crore from Rs 1,764.64 crore in the year ago period.
Meanwhile, operating expenses increased by 19.04 per cent to Rs 1,483.29 crore from Rs 1,246.08 crore in the same period last year.
Operating profit slipped 30.62 per cent to Rs 359.76 crore from Rs. 518.56 crore.
Provisions and Contingencies surged by 234.81 per cent at Rs 264.50 crore from Rs 79.00 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, slipped by 7.42 per cent at Rs 864.31 crore versus Rs 933.54 crore in the year ago period. Non-interest income rose 14.21 per cent year-on-year to Rs 269.69 crore.
On the asset side, gross non- performing assets (NPAs)ÿfellÿto 2.18 per cent of the gross advances as at the end of March 31, 2025 from a level of 2.23 per cent year earlier. Its net NPAs or bad loans tooÿincreasedÿto 0.49 per cent of net advances on March 31, 2025 from 0.28 per cent a year ago.