The bank reported standalone net profit of Rs 2,051.18 crore for the quarter ended March 31, 2025 as compared to Rs 1628.46 crore in the same period last year, registering a year-on-yearÿgrowthÿof 25.96 per cent.
Interest income of the bank declined by 0.17 per cent at Rs 6978.64 crore for the quarter ended March 31, 2025 as against Rs 6990.47 crore in the corresponding period last year.
During the January-March quarter, total income rose moderately by 14.56 per cent to Rs 9,035.29 crore from Rs 7,886.64 crore in the year ago period.
Meanwhile, operating expenses increased by 2.26 per cent to Rs 5,840.48 crore from Rs 5,711.53 crore in the same period last year.
Operating profit surged 46.88 per cent to Rs 3,194.81 crore from Rs. 2,175.11 crore.
Provisions and Contingencies surged by 104.76 per cent at Rs 233.06 crore from Rs 113.82 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, slipped by 10.79 per cent at Rs 3,289.93 crore versus Rs 3,687.89 crore in the year ago period. Non-interest income rose 129.49 per cent year-on-year to Rs 2,056.65 crore.
On the asset side, gross non- performing assets (NPAs)ÿfellÿto 0.15 per cent of the gross advances as at the end of March 31, 2025 from a level of 4.53 per cent year earlier. Its net NPAs or bad loans tooÿincreasedÿto 4.00 per cent of net advances on March 31, 2025 from 0.34 per cent a year ago.