However total income grew by 20.13% to Rs 5,883.46 crore in the fourth quarter of FY24 from Rs 4,897.39 crore posted in Q4 FY23.
Net interest income (NII) grew by 16% year on year (YoY) to Rs 2,866 crore in Q4 FY24. Net interest margin (NIM) improved to 7.6% in Q4 FY24 as compared to 7.2% reported in Q3 FY24.
Operating profit rose 2.33% to Rs 1,838 crore in Q4 FY24 as against Rs 1,796 crore posted in Q4 FY23. Provision (other than taxes) & Contingencies aggregated to Rs 1,774.33 crore, registering growth of 141.48% YoY.
The cost-to-income ratio for the quarter was 48%, however adjusting for the impact of one-offs, cost to income ratio stands at 45%.
During Q4 FY24, total deposits stood at Rs 1.35 lakh crore, growing by 25% YoY. CASA deposits stood at Rs 50,151 crore and CAS...
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