The bank posted a net profit of Rs 451.10 crore for the nine months period ended December 2020,as against Rs 404.47 crore for the corresponding period last year with year-on- year growth rate of 11.53 percent, a bank release here said.
At a meeting of the board of directors here through video-conferencing, the board approved the financial results for the quarter and the nine-month period ended December 31, 2020.
The operating profit during Q3 of the current financial year stood at Rs 437.96 crore.
Further, for the nine-month period of the current financial year, the operating profit stood at Rs 1,615.34 crore as against Rs 1,265.23 crore for the corresponding period of the previous year and registered a y-o-y growth of 27.67 percent.
The bank has clocked a business turnover of Rs 1,27,013.55 crore as on 31-12-2020, with deposits of Rs 73,826.06 crore and advances of Rs 53,187.49 crore.
Retail and mid-corporate advances have shown a y-o-y growth of 9.75 percent.
Announcing the results at the banks headquarters here, managing director and CEO M S Mahabaleshwara said the strong numbers of Q3depict the resilience of the bank in spite of the Covid-19 pandemic.
