The bank reported standalone net profit of Rs 4,603.63 crore for the quarter ended December 31, 2024 as compared to Rs 3589.91 crore in the same period last year, registering a year-on-yearÿgrowthÿof 28.24 per cent.

Interest income of the bank rose by 6.29 per cent at Rs 26957.93 crore for the quarter ended December 31, 2024 as against Rs 25362.96 crore in the corresponding period last year.

During the October-December quarter, total income rose moderately by 7.68 per cent to Rs 31,374.50 crore from Rs 29,137.26 crore in the year ago period.

Meanwhile, operating expenses increased by 9.25 per cent to Rs 23,882.68 crore from Rs 21,859.71 crore in the same period last year.

Operating profit surged 2.94 per cent to Rs 7,491.82 crore from Rs. 7,277.55 crore.

Provisions and Contingencies slipped by 8.51 per cent at Rs 1,599.05 crore from Rs 1,747.79 crore a year ago.

NII, the difference between interest earned on loans and interest paid on deposits, increased by 0.79 per cent at Rs 9,240.27 crore versus Rs 9,168.01 crore in the year ago period. Non-interest income rose 17.02 per cent year-on-year to Rs 4,416.57 crore.

On the asset side, gross non- performing assets (NPAs)ÿfellÿto 3.85 per cent of the gross advances as at the end of December 31, 2024 from a level of 4.83 per cent year earlier. Its net NPAs or bad loans tooÿdeclinedÿto 0.82 per cent of net advances on December 31, 2024 from 1.08 per cent a year ago.