Operating profit stood at Rs 1,675.86 crore in June 2024 quarter, up 24.57% from Rs 1,345.32 crore posted in corresponding quarter last year.
Profit before tax climbed 45.45% year on year (YoY) to Rs 737.99 crore in the quarter ended 30 June 2024.
Net interest income rose 5.08% to Rs 2,441 crore in Q1 FY25 as compared to Rs 2,323 crore in the corresponding period last year. Net interest margin (NIM) reduced to 3.06% in Q1 FY25 as compared to 3.21% registered in the same period a year ago.
On asset quality front, the bank's gross non-performing assets (NPAs) declined 51.22% to Rs 6,649 crore as on 30 June 2024 as against Rs 13,629 crore as on 30 June 2023.
The ratio of gross NPAs reduced to 2.89% as on 30 June 2024 as compared to 7.13% ...
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