Strong Profit Growth
Profit before tax excluding treasury grew by 11.4% year-on-year to INR 156.90 billion, core operating profit increased by 13.6% year-on-year to INR 175.05 billion, and profit after tax grew by 15.5% year-on-year to INR 127.68 billion.
Deposit and Loan Growth
Total deposits grew by 12.8% year-on-year, and the domestic loan portfolio grew by 12% year-on-year. Business banking portfolio saw a notable growth of 29.7% year-on-year.
Improved Asset Quality
Net NPA ratio improved to 0.41% from 0.43% in the previous year, and the provisioning coverage ratio on nonperforming loans was maintained at 75.3%.
Strong Capital Position
CET1 ratio stood at 16.31% and total capital adequacy ratio at 16.97%, indicating a robust capital position.