Loan Growth Acceleration
The bank saw growth pick up across segments, with a focus on accelerating loan growth due to improvements in economic activity. The bank aims to grow in line with the system and faster than the market by FY '27.
Strong Deposit Growth
Average deposit growth was 15% year-on-year, with a strategic focus on maintaining a disciplined pricing approach. Retail deposits contributed to 83% of the total deposits.
Improvement in Asset Quality
The bank experienced strong recoveries and upgrades in non-performing assets (NPA), contributing to a 10 basis point improvement in asset quality.
Technology Investments
The bank continues to invest in technology and distribution to create operating leverage over the medium to long term, focusing on stability, scalability, and security.
Positive Economic Outlook
The domestic economy is strengthening with low food inflation and strong rainfall, providing a positive environment for future growth.
Growth in Home Loans
The bank is focusing on home loans with improved turnaround times and increased distribution, indicating a strategic focus on this long-term relationship product.