The bank reported standalone net loss during the quarter stood at Rs 188.02 crore compared to net profit of Rs 2.98 crore in the previous year quarter.ÿ
Interest income of the bank declined by 4.87 per cent at Rs 836.75 crore for the quarter ended March 31, 2026 as against Rs 879.62 crore in the corresponding period last year.
During the January-March quarter, total income dipped moderately by 18.40 per cent to Rs 952.07 crore from Rs 1,166.73 crore in the year ago period.
Meanwhile, operating expenses increased by 0.75 per cent to Rs 939.76 crore from Rs 932.76 crore in the same period last year.
Operating profit slipped 94.74 per cent to Rs 12.31 crore from Rs. 233.98 crore.
Provisions and Contingencies surged by 9.74 per cent at Rs 244.39 crore from Rs 222.70 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, slipped by 8.58 per cent at Rs 376.11 crore versus Rs 411.41 crore in the year ago period. Non-interest income dipped 59.83 per cent year-on-year to Rs 115.32 crore.
On the asset side, gross non- performing assets (NPAs)ÿfellÿto 7.71 per cent of the gross advances as at the end of March 31, 2026 from a level of 9.43 per cent year earlier. Its net NPAs or bad loans tooÿdeclinedÿto 3.29 per cent of net advances on March 31, 2026 from 4.84 per cent a year ago.