The bank reported standalone net loss during the quarter stood at Rs 183.19 crore compared to net profit of Rs 43.35 crore in the previous year quarter.ÿ
Interest income of the bank declined by 10.83 per cent at Rs 893.44 crore for the quarter ended March 31, 2025 as against Rs 1002.00 crore in the corresponding period last year.
During the January-March quarter, total income dipped moderately by 9.99 per cent to Rs 1,036.78 crore from Rs 1,151.84 crore in the year ago period.
Meanwhile, operating expenses increased by 9.11 per cent to Rs 946.12 crore from Rs 867.16 crore in the same period last year.
Operating profit slipped 68.15 per cent to Rs 90.66 crore from Rs. 284.68 crore.
Provisions and Contingencies surged by 46.58 per cent at Rs 331.50 crore from Rs 226.15 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, slipped by 26.23 per cent at Rs 435.79 crore versus Rs 590.75 crore in the year ago period. Non-interest income dipped 4.34 per cent year-on-year to Rs 143.34 crore.
On the asset side, gross non- performing assets (NPAs)ÿroseÿto 6.87 per cent of the gross advances as at the end of March 31, 2025 from a level of 4.76 per cent year earlier. Its net NPAs or bad loans tooÿincreasedÿto 2.99 per cent of net advances on March 31, 2025 from 2.26 per cent a year ago.