The bank reported standalone net profit of Rs 252.37 crore for the quarter ended March 31, 2025 as compared to Rs 274.24 crore in the same period last year, registering a year-on-yearÿdeclineÿof 7.97 per cent.
Interest income of the bank rose by 2.63 per cent at Rs 2258.46 crore for the quarter ended March 31, 2025 as against Rs 2200.56 crore in the corresponding period last year.
During the January-March quarter, total income rose marginally by 2.55 per cent to Rs 2,686.69 crore from Rs 2,619.97 crore in the year ago period.
Meanwhile, operating expenses increased by 9.03 per cent to Rs 2,311.67 crore from Rs 2,120.18 crore in the same period last year.
Operating profit slipped 24.96 per cent to Rs 375.02 crore from Rs. 499.79 crore.
Provisions and Contingencies slipped by 83.18 per cent at Rs 31.08 crore from Rs 184.73 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, slipped by 6.40 per cent at Rs 780.68 crore versus Rs 834.03 crore in the year ago period. Non-interest income rose 2.10 per cent year-on-year to Rs 428.23 crore.
On the asset side, gross non- performing assets (NPAs)ÿfellÿto 3.08 per cent of the gross advances as at the end of March 31, 2025 from a level of 3.53 per cent year earlier. Its net NPAs or bad loans tooÿdeclinedÿto 1.31 per cent of net advances on March 31, 2025 from 1.58 per cent a year ago.