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The bank’s total income for the half-year ending September 30, 2023, was ₹26,469 crores, and expenditures were ₹18,729 crores. The pre-provision operating profit (PPOP) stood at ₹7,740 crores and net profit was ₹4,326 crores.
The balance sheet showed a growth of 12%, with CASA deposits at ₹1,41,437 crores and advances increasing by 21% over the previous year. The bank’s balance sheet footage was ₹4,77,922 crores as of September 30, 2023.
Gross non-performing assets (NPAs) were at 1.93% of gross advances and Net NPAs were at 0.57% of net advances as of the same date. Provisions and contingencies for the quarter ending September 30 were ₹974 crores.
The bank’s Total Capital Adequacy Ratio as per Basel III guidelines was at 18.21%, with Tier 1 CRAR at 16.75% and Risk-Weighted Assets at ₹3,50,376 crores.
Operating expenses for Q2 were ₹3,450 crores, marking a 25% YoY increase. Other income for the quarter was ₹2,282 crores, up by 13% YoY. The yield on assets for the quarter ending September 30, 2023, rose to 9.69% from the corresponding quarter’s 8.65%, marking a marginal uptick of 4.29% in net interest margin (NIM).
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