Stay updated with the latest news and articles about December quarter.
Net interest margin (NIM) improved to 2.42 per cent as against 2.36 per cent. Net interest income (NII) was boosted by 14 per cent to Rs 1,455 crore, as against Rs 1,281 crore for the same period in the previous year.
The bank's CASA boosted 21 per cent YoY to Rs 25,318 crore, despite a 5 per cent quarterly plunge from Rs 26,734.
The gross non-performing assets (NPAs) ratio declined 56 basis points to 4.84 per cent at the end of the December quarter as against 5.40 per cent at the end of the September quarter.
The return on average assets (ROAA) stood at 5 per cent during the third quarter against 3.3 per cent in the same period last year.
As of December 31, 2021, the bank’s reported Gross NPA and Net NPA levels were 3.17% and 0.91% respectively as against 3.53% and 1.08% as of September 30, 2021.
The net NPAs dipped consequently to 5.3% of total loans compared to 5.5% in the previous quarter.
The company displayed its net premium income that grew 30.39 per cent year-on-year (YoY) to Rs 18,025 crore from Rs 13,766 crore in the same quarter a year ago.
The non-interest income depreciated by 20 per cent YoY to Rs 1,148 crore but it stationed a sequential growth of 17 per cent.
Consolidated revenue reached Rs 4,185 crore with a growth of 0.3 per cent QoQ and a fell to 0.9 per cent YoY.
Revenue dwindled 4.86 per cent during the quarter to Rs 1,215.21 crore compared to Rs 1,277.48 crore in the same quarter of 2020-21
The total revenue of the company stood at Rs 9,281 crore at 22 per cent growth compared to Rs 7,542 crore in the year-ago quarter.
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