The bank reported standalone net profit of Rs 1,033.55 crore for the quarter ended March 31, 2025 as compared to Rs 807.34 crore in the same period last year, registering a year-on-year growth of 28.02 per cent.

Interest income of the bank rose by 3.38 per cent at Rs 8619.00 crore for the quarter ended March 31, 2025 as against Rs 8337.08 crore in the corresponding period last year.

During the January-March quarter, total income rose moderately by 7.57 per cent to Rs 10,432.56 crore from Rs 9,698.74 crore in the year ago period.

Meanwhile, operating expenses increased by 10.40 per cent to Rs 8,429.60 crore from Rs 7,635.39 crore in the same period last year.

Operating profit slipped 2.93 per cent to Rs 2,002.96 crore from Rs. 2,063.35 crore.

Provisions and Contingencies surged by 19.43 per cent at Rs 844.49 crore from Rs 707.09 crore a year ago.

NII, the difference between interest earned on loans and interest paid on deposits, slipped by 4.02 per cent at Rs 3,398.56 crore versus Rs 3,540.85 crore in the year ago period. Non-interest income rose 33.19 per cent year-on-year to Rs 1,813.56 crore.

On the asset side, gross non- performing assets (NPAs) fell to 3.18 per cent of the gross advances as at the end of March 31, 2025 from a level of 4.50 per cent year earlier. Its net NPAs or bad loans too declined to 0.55 per cent of net advances on March 31, 2025 from 1.23 per cent a year ago.