The bank reported standalone net profit of Rs 17,616.14 crore for the quarter ended March 31, 2025 as compared to Rs 16511.85 crore in the same period last year, registering a year-on-year growth of 6.69 per cent.
Interest income of the bank rose by 8.38 per cent at Rs 77460.11 crore for the quarter ended March 31, 2025 as against Rs 71472.75 crore in the corresponding period last year.
During the January-March quarter, total income dipped by 0.17 per cent to Rs 89,487.99 crore from Rs 89,639.00 crore in the year ago period.
Meanwhile, operating expenses increased by 4.28 per cent to Rs 62,951.29 crore from Rs 60,364.76 crore in the same period last year.
Operating profit slipped 9.35 per cent to Rs 26,536.70 crore from Rs. 29,274.24 crore.
Provisions and Contingencies slipped by 76.37 per cent at Rs 3,193.05 crore from Rs 13,511.64 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, increased by 10.28 per cent at Rs 32,065.80 crore versus Rs 29,076.82 crore in the year ago period. Non-interest income dipped 33.79 per cent year-on-year to Rs 12,027.88 crore.
On the asset side, gross non- performing assets (NPAs) rose to 1.33 per cent of the gross advances as at the end of March 31, 2025 from a level of 1.24 per cent year earlier. Its net NPAs or bad loans too increased to 0.43 per cent of net advances on March 31, 2025 from 0.33 per cent a year ago.