The financial institution’s asset high quality improved, with gross non-performing property ratio falling to three.34% as June 30 from 4.72% a yr in the past.
It made Rs 23 crore provisions to cowl mortgage default danger whereas the financial institution obtained a provision write-back of Rs 336 crore. This led to an increase in complete provisions and contingencies at Rs 217 crore, towards Rs 103 crore.
Pre-provision working revenue soared 70% at Rs 540 crore as in contrast with Rs 317 crore within the year-ago interval, owing to 142% bounce in non-interest earnings at Rs 469 crore. Treasury earnings for the quarter stood at Rs 334 crore, up 74% from Rs 192 crore seen within the corresponding interval final yr.
Web curiosity earnings grew a modest 6% year-on-year at Rs 900 crore.
The financial institution’s complete advances grew 14% year-on-year to Rs 87,738 crore on the finish of June. Complete deposit rose 8.8% to Rs 1.21 lakh crore.