The bank reported standalone net profit of Rs 738.12 crore for the quarter ended March 31, 2025 as compared to Rs 451.89 crore in the same period last year, registering a year-on-yearÿgrowthÿof 63.34 per cent.
Interest income of the bank rose by 2.27 per cent at Rs 7616.13 crore for the quarter ended March 31, 2025 as against Rs 7447.17 crore in the corresponding period last year.
During the January-March quarter, total income rose marginally by 3.77 per cent to Rs 9,355.39 crore from Rs 9,015.77 crore in the year ago period.
Meanwhile, operating expenses dropped by 0.89 per cent to Rs 8,041.01 crore from Rs 8,113.30 crore in the same period last year.
Operating profit surged 45.64 per cent to Rs 1,314.38 crore from Rs. 902.47 crore.
Provisions and Contingencies slipped by 32.45 per cent at Rs 318.07 crore from Rs 470.86 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, increased by 5.73 per cent at Rs 2,276.36 crore versus Rs 2,153.02 crore in the year ago period. Non-interest income rose 10.88 per cent year-on-year to Rs 1,739.26 crore.
On the asset side, gross non- performing assets (NPAs)ÿfellÿto 1.60 per cent of the gross advances as at the end of March 31, 2025 from a level of 1.70 per cent year earlier. Its net NPAs or bad loans tooÿdeclinedÿto 0.30 per cent of net advances on March 31, 2025 from 0.60 per cent a year ago.