Net interest income (NII) rose 7% YoY and 1% sequentially to ₹1,671 crore, while net interest margin (NIM) stood at 4.41%. Other income grew 7% YoY to ₹1,069 crore, supported by a 9% rise in core fee income to ₹1,057 crore.
Operating profit increased 11% YoY to ₹955 crore, even as operating expenses rose 5% to ₹1,785 crore. The cost-to-income ratio improved to 65.1% from 66.3% in the previous quarter.
On the balance sheet front, net advances grew 23% YoY to ₹1.14 lakh crore, led by strong traction in retail and wholesale segments. Retail advances rose 20% YoY to ₹67,119 crore, while wholesale advances grew 28% to ₹47,112 crore. Total deposits increased 25% YoY to ₹1.39 lakh crore, with CASA deposits rising 23% to ₹46,723 crore.
Asset quality improved during the quarter, with gross non-performing assets (GNPA) declining 43 basis points sequentially to 1.45%, while net NPA eased to 0.39%. Provision coverage ratio stood strong at 94.9%.
For FY26, net profit rose 18% YoY to ₹822 crore. The bank proposed a dividend of ₹1 per share. NII for the year declined 2% to ₹6,360 crore, while operating profit stood at ₹3,299 crore.
Shares of the company ended nearly 3% higher at ₹321.65 on Friday, ahead of the March quarter earnings results. The stock has surged over 71% in the last one year.
