Net interest income (NII) of the bank increased by 6.47% year-over-year to Rs 9,412 crore during the period under review. Net interest margin for Q1 FY25 was 3.05% as against 3.13% in Q1 FY24.
Non-interest income added up to Rs 4,509 crore, up 15.53% YoY.
Operating profit improved by 8.44% to Rs 7,785 crore in Q1 FY25 from Rs 7,179 crore in Q1 FY24.
Provisions for the June’24 quarter aggregated to Rs 4,106, up 4.13% YoY and up 27.44% QoQ.
Gross NPA of the bank amounted to Rs 41,423 crore as on 30 June 2024 as against Rs 60,104 crore as on 30 June 2024. Gross NPA ratio reduced by 280 basis points on YoY basis to 4.54% and net NPA ratio reduced by 68 basis points on YoY basis to 0.90% as on 30 June 2024.
Deposits of the bank increased by 8.52% YoY to Rs 12,24,191 crore...
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