The bank reported standalone net profit of Rs 342.19 crore for the quarter ended March 31, 2025 as compared to Rs 287.56 crore in the same period last year, registering a year-on-yearÿgrowthÿof 19.00 per cent.
Interest income of the bank rose by 4.34 per cent at Rs 2373.44 crore for the quarter ended March 31, 2025 as against Rs 2274.67 crore in the corresponding period last year.
During the January-March quarter, total income rose moderately by 12.41 per cent to Rs 2,945.81 crore from Rs 2,620.70 crore in the year ago period.
Meanwhile, operating expenses increased by 3.44 per cent to Rs 2,262.50 crore from Rs 2,187.16 crore in the same period last year.
Operating profit surged 57.61 per cent to Rs 683.31 crore from Rs. 433.54 crore.
Provisions and Contingencies surged by 451.92 per cent at Rs 224.19 crore from Rs 40.62 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, slipped by 0.72 per cent at Rs 868.33 crore versus Rs 874.67 crore in the year ago period. Non-interest income rose 65.41 per cent year-on-year to Rs 572.37 crore.
On the asset side, gross non- performing assets (NPAs)ÿfellÿto 3.20 per cent of the gross advances as at the end of March 31, 2025 from a level of 4.50 per cent year earlier. Its net NPAs or bad loans tooÿdeclinedÿto 0.92 per cent of net advances on March 31, 2025 from 1.46 per cent a year ago.