The bank reported standalone net profit of Rs 304.08 crore for the quarter ended March 31, 2025 as compared to Rs 724.35 crore in the same period last year, registering a year-on-yearÿdeclineÿof 58.02 per cent.
Interest income of the bank rose by 14.52 per cent at Rs 9412.94 crore for the quarter ended March 31, 2025 as against Rs 8219.21 crore in the corresponding period last year.
During the January-March quarter, total income rose moderately by 14.68 per cent to Rs 11,308.35 crore from Rs 9,861.21 crore in the year ago period.
Meanwhile, operating expenses increased by 15.85 per cent to Rs 9,496.74 crore from Rs 8,197.30 crore in the same period last year.
Operating profit surged 8.88 per cent to Rs 1,811.61 crore from Rs. 1,663.91 crore.
Provisions and Contingencies surged by 100.81 per cent at Rs 1,450.47 crore from Rs 722.31 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, increased by 9.81 per cent at Rs 4,907.16 crore versus Rs 4,468.87 crore in the year ago period. Non-interest income rose 15.43 per cent year-on-year to Rs 1,895.41 crore.
On the asset side, gross non- performing assets (NPAs)ÿfellÿto 1.87 per cent of the gross advances as at the end of March 31, 2025 from a level of 1.88 per cent year earlier. Its net NPAs or bad loans tooÿdeclinedÿto 0.53 per cent of net advances on March 31, 2025 from 0.60 per cent a year ago.