The bank’s net interest income (NII)—which represents the difference between the interest earned on loans and the interest paid on deposits—stood at ₹4,907.1 crore, lower than the CNBC-TV18 poll estimate of ₹5,080.2 crore. However, on a year-on-year basis, the NII rose 9.8% from ₹4,468.9 crore.
Asset quality metrics showed a mixed trend. The gross non-performing assets (GNPAs), which reflect the total value of loans that have turned bad, stood at ₹4,433.6 crore, slightly higher than ₹4,399.3 crore reported in the previous quarter. In percentage terms, gross NPA ratio improved marginally to 1.87% from 1.94% on a sequential basis. Meanwhile, net non-performing assets (NNPAs)—which are GNPAs after deducting provisions made by the bank—were reported at ₹1,229.9 crore compared to ₹1,162 crore last quarter. The net NPA ratio remained largely stable at 0.53%, compared to 0.52% in the December quarter.
The shares of the company ended 2.45% in the red on Friday, April 25. The stock has gained as much as 2.8% in the year so far.
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