The bank reported standalone net profit of Rs 317.90 crore for the quarter ended March 31, 2025 as compared to Rs 54.63 crore in the same period last year, registering a year-on-year growth of 481.91 per cent.
Interest income of the bank rose by 4.71 per cent at Rs 5433.86 crore for the quarter ended March 31, 2025 as against Rs 5189.34 crore in the corresponding period last year.
During the January-March quarter, total income rose marginally by 4.25 per cent to Rs 6,133.48 crore from Rs 5,883.46 crore in the year ago period.
Meanwhile, operating expenses increased by 12.79 per cent to Rs 4,562.14 crore from Rs 4,044.98 crore in the same period last year.
Operating profit slipped 14.53 per cent to Rs 1,571.34 crore from Rs. 1,838.48 crore.
Provisions and Contingencies slipped by 28.98 per cent at Rs 1,260.16 crore from Rs 1,774.33 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, slipped by 3.85 per cent at Rs 2,755.90 crore versus Rs 2,866.27 crore in the year ago period. Non-interest income rose 0.79 per cent year-on-year to Rs 699.62 crore.
On the asset side, gross non- performing assets (NPAs) rose to 4.71 per cent of the gross advances as at the end of March 31, 2025 from a level of 3.84 per cent year earlier. Its net NPAs or bad loans too increased to 1.28 per cent of net advances on March 31, 2025 from 1.11 per cent a year ago.