The bank reported standalone net profit of Rs 2,956.07 crore for the quarter ended March 31, 2025 as compared to Rs 2247.00 crore in the same period last year, registering a year-on-yearÿgrowthÿof 31.56 per cent.
Interest income of the bank rose by 8.42 per cent at Rs 15855.89 crore for the quarter ended March 31, 2025 as against Rs 14624.49 crore in the corresponding period last year.
During the January-March quarter, total income rose moderately by 10.14 per cent to Rs 18,599.16 crore from Rs 16,887.02 crore in the year ago period.
Meanwhile, operating expenses increased by 7.94 per cent to Rs 13,580.49 crore from Rs 12,582.04 crore in the same period last year.
Operating profit surged 16.58 per cent to Rs 5,018.67 crore from Rs. 4,304.98 crore.
Provisions and Contingencies slipped by 36.32 per cent at Rs 794.60 crore from Rs 1,247.75 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, increased by 6.22 per cent at Rs 6,389.34 crore versus Rs 6,015.40 crore in the year ago period. Non-interest income rose 21.25 per cent year-on-year to Rs 2,743.27 crore.
On the asset side, gross non- performing assets (NPAs)ÿfellÿto 3.09 per cent of the gross advances as at the end of March 31, 2025 from a level of 3.95 per cent year earlier. Its net NPAs or bad loans tooÿdeclinedÿto 0.19 per cent of net advances on March 31, 2025 from 0.43 per cent a year ago.