The bank reported standalone net profit of Rs 177.07 crore for the quarter ended March 31, 2025 as compared to Rs 155.68 crore in the same period last year, registering a year-on-yearÿgrowthÿof 13.74 per cent.

Interest income of the bank rose by 20.58 per cent at Rs 1741.89 crore for the quarter ended March 31, 2025 as against Rs 1444.60 crore in the corresponding period last year.

During the January-March quarter, total income rose substantially by 24.03 per cent to Rs 1,960.71 crore from Rs 1,580.82 crore in the year ago period.

Meanwhile, operating expenses increased by 22.88 per cent to Rs 1,655.31 crore from Rs 1,347.07 crore in the same period last year.

Operating profit surged 30.65 per cent to Rs 305.40 crore from Rs. 233.75 crore.

Provisions and Contingencies surged by 179.15 per cent at Rs 67.22 crore from Rs 24.08 crore a year ago.

NII, the difference between interest earned on loans and interest paid on deposits, increased by 9.95 per cent at Rs 557.96 crore versus Rs 507.48 crore in the year ago period. Non-interest income rose 60.64 per cent year-on-year to Rs 218.82 crore.

On the asset side, gross non- performing assets (NPAs)ÿfellÿto 2.99 per cent of the gross advances as at the end of March 31, 2025 from a level of 3.23 per cent year earlier. Its net NPAs or bad loans tooÿincreasedÿto 1.12 per cent of net advances on March 31, 2025 from 1.11 per cent a year ago.