The bank reported standalone net profit of Rs 1,030.23 crore for the quarter ended March 31, 2025 as compared to Rs 906.30 crore in the same period last year, registering a year-on-yearÿgrowthÿof 13.67 per cent.
Interest income of the bank rose by 11.21 per cent at Rs 6648.36 crore for the quarter ended March 31, 2025 as against Rs 5978.35 crore in the corresponding period last year.
During the January-March quarter, total income rose moderately by 13.70 per cent to Rs 7,654.31 crore from Rs 6,732.23 crore in the year ago period.
Meanwhile, operating expenses increased by 10.09 per cent to Rs 6,188.91 crore from Rs 5,621.88 crore in the same period last year.
Operating profit surged 31.98 per cent to Rs 1,465.40 crore from Rs. 1,110.35 crore.
Provisions and Contingencies surged by 245.99 per cent at Rs 138.11 crore from Rs -94.60 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, increased by 8.31 per cent at Rs 2,377.44 crore versus Rs 2,195.11 crore in the year ago period. Non-interest income rose 33.44 per cent year-on-year to Rs 1,005.95 crore.
On the asset side, gross non- performing assets (NPAs)ÿfellÿto 1.84 per cent of the gross advances as at the end of March 31, 2025 from a level of 2.13 per cent year earlier. Its net NPAs or bad loans tooÿdeclinedÿto 0.44 per cent of net advances on March 31, 2025 from 0.60 per cent a year ago.