However, net interest income (NII) declined 13% to ₹974.8 crore compared with ₹1,122 crore in the year-ago period, reflecting some pressure on core margins during the quarter.
On the asset quality front, gross non-performing assets (NPA) improved sequentially to 2.40% from 2.60%, while net NPA stood at 0.79%, slightly higher than 0.74% in the previous quarter. In absolute terms, gross NPAs declined to ₹2,830.7 crore from ₹2,870.8 crore, while net NPAs rose to ₹919.19 crore from ₹795.93 crore.
The bank’s board has recommended a final dividend of ₹0.39 per equity share of face value ₹10 each for FY26, subject to shareholder approval at the upcoming annual general meeting. The record date for the dividend will be announced in due course.
Earlier this month, the bank had reported steady growth in its business update. Total deposits increased 12.37% year-on-year to ₹1.46 lakh crore, while gross advances grew at a faster pace of 18.39% to ₹1.18 lakh crore.
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CASA deposits rose 10.01% to ₹44,873 crore, though the CASA ratio eased slightly to 30.77% from 31.43% a year ago. Overall business, comprising deposits and advances, rose 14.98% year-on-year to ₹2.64 lakh crore, reflecting continued expansion in both lending and deposit mobilisation.
Ahead of the earnings announcement, shares of the bank closed at ₹25.59 on the NSE, up 3.02% on Monday.
