The bank has proposed a bonus issue in the ratio of 1:3, meaning shareholders will receive one additional equity share for every three shares held, subject to approval at the upcoming annual general meeting.
In addition, it has recommended a dividend of ₹2 per equity share of face value Re 1 each, translating to a 200% payout for FY26.
The announcements came with a steady Q4 performance. Net profit for the quarter rose 24.9% year-on-year to ₹360 crore from ₹288 crore, supported by strong growth in core income. Net interest income (NII) increased 30.9% to ₹785.8 crore, compared with ₹600.3 crore a year ago.
Asset quality improved sequentially, with gross non-performing assets (NPA) declining to 1.9% from 2.17% in the previous quarter. Net NPA also eased to 0.68% from 0.78%, indicating stable credit performance.
Provisions for the quarter stood at ₹120 crore, higher than ₹96 crore in the December quarter and ₹78 crore a year ago, reflecting a prudent approach towards balance sheet strengthening.
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Ahead of the earnings announcement, shares of the bank closed at ₹272.50 on the NSE, up 3.81% on Monday.
