Profitability (Year-on-Year) (Comparison: Q3FY25 vs. Q3FY24)

  • Net Profit: Increased by 20.89%, rising to ₹874 crore from ₹723 crore.
  • Operating Profit: Grew by 27.30%, reaching ₹2,266 crore compared to ₹1,780 crore.
  • Total Income: Improved by 13.07% to ₹8,409 crore from ₹7,437 crore.
  • Interest Income: Increased by 15.16% to ₹7,112 crore from ₹6,176 crore.
  • Net-Interest Income: Grew by 16.30% to ₹2,789 crore from ₹2,398 crore.
  • Return on Assets (ROA): Improved to 0.93% from 0.86%.
  • Return on Equity (ROE): Increased to 17.86% from 17.70%.

Asset Quality (Comparison: 31.12.2024 vs. 30.09.2024 and 31.12.2023)

  • Gross NPA Ratio: Declined to 2.55% from 2.72% (30.09.2024) and 3.90% (31.12.2023).
  • Net NPA Ratio: Reduced to 0.42% from 0.47% (30.09.2024) and 0.62% (31.12.2023).
  • Provision Coverage Ratio (PCR): Improved to 97.07% compared to 96.85% as of 31.12.2023.

Recovery:

  • Total Recovery: ₹956.65 crore for the quarter ended 31.12.2024.
  • Recovery from Written-off Accounts: ₹676.64 crore for the quarter.

Business Highlights (Year-on-Year) (Comparison: 31.12.2024 vs. 31.12.2023):

  • Total Business: Expanded by 9.82% to ₹5,42,753 crore from ₹4,94,209 crore.
  • Total Deposits: Increased by 9.74% to ₹3,05,121 crore.
  • Gross Advances: Grew by 9.93% to ₹2,37,632 crore.
  • CASA: Improved by 9.45% to ₹1,32,338 crore, with a CASA Ratio of 43.37%.
  • Net Interest Margin (NIM): Stood at 3.33%.
  • Credit to Deposit (CD) Ratio: Recorded at 77.88%.
  • CRAR: Improved to 16.97%, with Tier-I at 14.33%.

Capital Adequacy

  •  BASEL III Capital Adequacy Ratio (CRAR): 16.97% as of 31.12.2024, with CET1 at 14.33% and Tier-II at 2.64%.

The bank continues to demonstrate robust financial performance, driven by sustained growth in profitability, improvement in asset quality, and strong capital adequacy. We give below our financial results in detail:

PROFITABILITY (y-o-y)

(Quarter Ended 31.12.2024 Over 31.12.2023)

  • Net Profit has increased to ₹874 Crore for the Q3FY25 from ₹723 Crore for the Q3FY24, registering a growth of ₹151 Crore at 20.89% Y-o-Y basis.
  • Operating Profit has increased to ₹2,266 Crore for Q3FY25 from ₹1,780 Crore for Q3FY24, registering a growth of ₹486 Crore at 27.30% Y-o-Y basis.
  • Total Income improved by 13.07% to ₹8,409 Crore for Q3FY25 from ₹7,437 Crore for Q3FY24.
  • Interest Income grew by 15.16% on Y-o-Y basis to ₹7,112 Crore in Q3FY25 as against ₹6,176 Crore for Q3FY24.
  • Net-Interest Income grew by 16.30% on Y-o-Y basis to ₹2,789 Crore in Q3FY25 as against ₹2,398 Crore for Q3FY24.
  • Return on Assets (ROA) improved to 0.93% for Q3FY25 as against 0.86% for Q3FY24.
  • Return on Equity (ROE) also improved to17.86% for Q3FY25 as against 17.70% for Q3FY24.

ASSET QUALITY

(Quarter Ended 31.12.2024 Over 30.09.2024 & 31.12.2023)

  • Gross Non-Performing Assets (GNPA) ratio recorded at 2.55% as of 31.12.2024 as against 2.72% as of 30.09.2024 and 3.90% as of 31.12.2023.
  • Net Non-Performing Assets (NNPA) ratio stood at 0.42% as of 31.12.2024 as against 0.47% as of 30.09.2024, 0.62% as of 31.12.2023.
  • Provision Coverage Ratio (PCR) improved to 97.07% as of 31.12.2024 from 96.85% as of 31.12.2023. (As on 30.09.2024, PCR was 97.06%).

 RECOVERY

   Total Recovery for the quarter ended 31.12.2024 stood at ₹956.65 Crore.

   Recovery from the written off accounts for the quarter ended 31.12.2024 is ₹676.64 Crore.

BUSINESS HIGHLIGHTS (y-o-y)

(Quarter Ended 31.12.2024 Over 31.12.2023)

  • Total Business grew by 9.82% to ₹5,42,753 Crore from ₹4,94,209 Crore.
  • Total Deposits raised up by 9.74% to ₹3,05,121 Crore from ₹2,78,046 Crore.
  • Gross Advances increased by 9.93% to ₹2,37,632 Crore from ₹2,16,163 Crore.
  • Gross Investments increased to ₹1,10,144 Crore from ₹1,00,205 Crore.
  • Operating Profit grew by 27.30% to ₹2,266 Crore from ₹1,780 Crore.
  • Net Profit up by 20.89% to ₹874 Crore from ₹723 Crore.
  • Gross NPA Ratio recorded at 2.55% as on 31.12.2024 as against 3.90% as on 31.12.2023, with a reduction of 135 bps.
  • Net NPA Ratio stood at 0.42% as on 31.12.2024 as against 0.62% as on 31.12.2023, with a reduction of 20 bps.
  • CASA improved to ₹1,32,338 Crore from ₹1,20,915 Crore, reflecting Y-o-Y growth of 9.45%
  • CASA Ratio stood at 43.37% for the quarter ended 31.12.2024.
  • Credit to Deposit (CD) Ratio stood at 77.88% for the quarter ended 31.12.2024.
  • Net Interest Margin stood at 3.33% for the quarter ended 31.12.2024.
  • Provision Coverage Ratio improved to 97.07%, registering an improvement of 22bps.
  • CRAR stood at 16.97% of which Tier I is 14.33%.
  • Return on Assets (ROA) improved to 0.93%, registering an improvement of 7bps.
  • Return on Equity (ROE) improved to 17.86% from 17.70% with an improvement of 16bps Y-o-Y.

CAPITAL ADEQUACY

  • BASEL III Capital Adequacy Ratio (CRAR) stood at 16.97% as of 31.12.2024, out of which CET1 is 14.33% and Tier-II is 2.64%.

Key Summary of 31.12.2024 Results

Particulars Q3FY25 Q2FY25 Q3FY24 Q-o-Q Y-o-Y
Operating Profit 2,266 2,128 1,780 6.48% 27.30%
Net Profit 874 777 723 12.48% 20.89%
Deposits 3,05,121 3,10,652 2,78,046 Reduced by

1.78%

 9.74%
Gross Advances 2,37,632 2,30,149 2,16,163 3.25% 9.93%
Gross Investments 1,10,144 1,08,517 1,00,205 1.50% 9.92%
Business Mix 5,42,753 5,40,801 4,94,209 0.36% 9.82%
CASA 1,32,338 1,31,856 1,20,915 0.37% 9.45%
CASA Ratio 43.37% 42.44% 43.49% 93bps Reduced by

12bps
Gross NPA 6,071 6,249 8,441 Reduced by

2.85%

 Reduced by 28.08%
Net NPA 976 1,059 1,303 Reduced by

7.84%

 Reduced by 25.10%
Net Interest Margin 3.33% 3.08% 3.12% 25bps 21bps
Gross NPA Ratio 2.55% 2.72% 3.90% Reduced by

17bps

 Reduced by

135bps
Net NPA Ratio 0.42% 0.47% 0.62% Reduced by

5bps

 Reduced by 20bps
Cost to Income Ratio 44.55% 48.97% 51.35% Reduced by

442bps

 Reduced by

680bps
PCR 97.07% 97.06% 96.85% 01bps 22bps
CRAR 16.97 17.45% 16.80% Reduced by

48bps

 17bps
RoE 17.86% 16.90% 17.70% 96bps 16bps
CD Ratio 77.88% 74.09% 77.74% 379bps 14bps
RoA 0.93% 0.82% 0.86% 11bps 7bps

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