The bank reported standalone net profit of Rs 5,585.85 crore for the quarter ended December 31, 2018 as compared to Rs 4642.60 crore in the same period last year, registering a year-on-yearÿgrowthÿof 20.32 per cent.
Interest income of the bank rose by 25.80 per cent at Rs 25890.26 crore for the quarter ended December 31, 2018 as against Rs 20581.27 crore in the corresponding period last year.
During the October-December quarter, total income rose substantially by 26.02 per cent to Rs 30,811.27 crore from Rs 24,450.44 crore in the year ago period.
Meanwhile, operating expenses increased by 25.21 per cent to Rs 20,032.85 crore from Rs 15,999.15 crore in the same period last year.
Operating profit surged 27.54 per cent to Rs 10,778.42 crore from Rs. 8,451.29 crore.
Provisions and Contingencies surged by 63.64 per cent at Rs 2,211.53 crore from Rs 1,351.44 crore a year ago.
NII, the difference between interest earned on loans and interest paid on deposits, increased by 21.93 per cent at Rs 12,576.75 crore versus Rs 10,314.34 crore in the year ago period. Non-interest income rose 27.19 per cent year-on-year to Rs 4,921.01 crore.
On the asset side, gross non- performing assets (NPAs)ÿroseÿto 1.38 per cent of the gross advances as at the end of December 31, 2018 from a level of 1.29 per cent year earlier. Its net NPAs or bad loans tooÿdeclinedÿto 0.42 per cent of net advances on December 31, 2018 from 0.44 per cent a year ago.