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The bank reported standalone net profit of Rs 310.63 crore for the quarter ended June 30, 2022 as compared to Rs 206.84 crore in the same period last year, registering a year-on-year growth of 50.18 per cent. Interest income of the bank rose by 13.47 per cent at Rs 5134.85 crore for the quarter ended June 30, 2022 as against Rs 4525.42 crore in the corresponding period last year. During the April-June quarter, total income rose by 5.99 per cent to Rs 5,916.28 crore from Rs 5,581.84 crore in the year ago period.

Meanwhile, operating expenses increased by 14.26 per cent to Rs 5,326.45 crore from Rs 4,661.57 crore in the same period last year. Operating profit slipped 35.91 per cent to Rs 589.83 crore from Rs. 920.27 crore. Provisions and Contingencies slipped by 72.89 per cent at Rs 174.73 crore from Rs 644.43 crore a year ago. NII, the difference between interest earned on loans and interest paid on deposits, increased by 31.96 per cent at Rs 1,850.28 crore versus Rs 1,402.15 crore in the year ago period. Non-interest income dipped 26.03 per cent year-on-year to Rs 781.43 crore. On the asset side, gross non- performing assets (NPAs) fell to 13.45 per cent of the gross advances as at the end of June 30, 2022 from a level of 15.60 per cent year earlier. Its net NPAs or bad loans too declined to 4.17 per cent of net advances on June 30, 2022 from 5.78 per cent a year ago.