The bank reported standalone net profit of Rs 1,141.65 crore for the quarter ended September 30, 2018 as compared to Rs 994.31 crore in the same period last year, registering a year-on-yearÿgrowthÿof 14.82 per cent.
Interest income of the bank rose by 22.07 per cent at Rs 5810.90 crore for the quarter ended September 30, 2018 as against Rs 4760.14 crore in the corresponding period last year.
During the July-September quarter, total income rose substantially by 22.79 per cent to Rs 7,016.17 crore from Rs 5,714.02 crore in the year ago period.
Meanwhile, operating expenses increased by 23.36 per cent to Rs 4,921.20 crore from Rs 3,989.21 crore in the same period last year.
Operating profit surged 21.46 per cent to Rs 2,094.97 crore from Rs. 1,724.81 crore.
Provisions and Contingencies surged by 63.40 per cent at Rs 353.80 crore from Rs 216.53 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, increased by 16.28 per cent at Rs 2,689.10 crore versus Rs 2,312.66 crore in the year ago period. Non-interest income rose 26.35 per cent year-on-year to Rs 1,205.27 crore.
On the asset side, gross non- performing assets (NPAs)ÿfellÿto 2.15 per cent of the gross advances as at the end of September 30, 2018 from a level of 2.47 per cent year earlier. Its net NPAs or bad loans tooÿdeclinedÿto 0.81 per cent of net advances on September 30, 2018 from 1.26 per cent a year ago.