Profit before tax (PBT) in Q2 FY24 stood at Rs 21,282.58 crore, up 33.75% from Rs 15,911.99 crore posted in Q1 FY24.
The bank's provisions and contingencies rose 9.02% YoY to Rs 2,602.06 crore during the quarter under review.
Net interest income (interest earned less interest expended) for the quarter ended 30 June 2024 grew by 26.4% to Rs 28,840 crore from Rs 23,600 crore for the quarter ended 30 June 2023. Core net interest margin for the quarter was 3.47% on total assets and 3.66% on interest earning assets.
On the asset quality front, the bank's gross non-performing assets (NPAs) stood at Rs 33,025.69 crore as on 30 June 2024 as against Rs 31,173.32 crore as on 31 March 2024 and Rs 19,064.12 crore as on 30 June 2023.
The ratio of gross NPAs to gross advances increa...
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