The bank reported standalone net profit of Rs 42.11 crore for the quarter ended March 31, 2025 as compared to Rs 207.62 crore in the same period last year, registering a year-on-yearÿdeclineÿof 79.72 per cent.
Interest income of the bank rose by 13.80 per cent at Rs 1643.97 crore for the quarter ended March 31, 2025 as against Rs 1444.65 crore in the corresponding period last year.
During the January-March quarter, total income rose moderately by 10.94 per cent to Rs 1,869.42 crore from Rs 1,685.10 crore in the year ago period.
Meanwhile, operating expenses increased by 18.91 per cent to Rs 1,558.12 crore from Rs 1,310.36 crore in the same period last year.
Operating profit slipped 16.93 per cent to Rs 311.30 crore from Rs. 374.75 crore.
Provisions and Contingencies surged by 142.04 per cent at Rs 258.01 crore from Rs 106.60 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, increased by 5.54 per cent at Rs 829.43 crore versus Rs 785.89 crore in the year ago period. Non-interest income dipped 6.24 per cent year-on-year to Rs 225.45 crore.
On the asset side, gross non- performing assets (NPAs)ÿroseÿto 2.89 per cent of the gross advances as at the end of March 31, 2025 from a level of 2.61 per cent year earlier. Its net NPAs or bad loans tooÿdeclinedÿto 0.98 per cent of net advances on March 31, 2025 from 1.17 per cent a year ago.