The bank reported standalone net profit during the quarter stood at Rs 532.71 crore compared to net loss of Rs 2235.99 crore in the previous year quarter.
Interest income of the bank rose by 3.49 per cent at Rs 11005.42 crore for the quarter ended March 31, 2026 as against Rs 10633.85 crore in the corresponding period last year.
During the January-March quarter, total income rose moderately by 12.07 per cent to Rs 12,711.77 crore from Rs 11,342.65 crore in the year ago period.
Meanwhile, operating expenses dropped by 11.16 per cent to Rs 10,496.48 crore from Rs 11,815.16 crore in the same period last year.
Operating profit surged 568.83 per cent to Rs 2,215.29 crore from Rs. -472.51 crore.
Provisions and Contingencies slipped by 38.58 per cent at Rs 1,484.34 crore from Rs 2,416.57 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, increased by 43.41 per cent at Rs 4,371.48 crore versus Rs 3,048.34 crore in the year ago period. Non-interest income rose 140.74 per cent year-on-year to Rs 1,706.35 crore.
On the asset side, gross non- performing assets (NPAs)ÿroseÿto 3.43 per cent of the gross advances as at the end of March 31, 2026 from a level of 3.13 per cent year earlier. Its net NPAs or bad loans tooÿincreasedÿto 1.00 per cent of net advances on March 31, 2026 from 0.95 per cent a year ago.