NEW DELHI: on Tuesday reported a 7 per cent year-on-year (YoY) fall in standalone net profit at Rs 2,032 crore compared with Rs 2,184 crore posted in the corresponding quarter last year. On a sequential basis, the figure grew 24 per cent over Rs 1,642 crore in the June 2021 quarter.
Net interest income (NII) for the bank rose 3 per cent YoY to Rs 4,021 crore from Rs 3,897 crore in the same quarter last year. Net interest margin (NIM) for the quarter came in at 4.45 per cent, the private lender said in a BSE filing.
Gross non-performing assets (GNPA) ratio stood at 3.19 per cent in the September quarter, which was better than 3.56 per cent in the June quarter, but higher than 2.70 per cent (pro-forma) in the year-ago quarter.
More to come…
