The Pune-headquartered public sector financial institution had reported a internet revenue of ₹882 crore within the yr in the past interval.
Internet curiosity revenue (distinction between curiosity earned and curiosity expended) within the reporting quarter was up about 20 per cent yoy at ₹2,799 crore (₹2,340 crore within the yr in the past interval).
Different revenue, together with fee-based revenue, treasury revenue and restoration in written-off accounts, rose 42 per cent yoy to ₹894 crore (₹629 crore).
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Provision for Non Performing Belongings (NPAs) and Normal/Restructured Belongings have been up at ₹586 crore (₹539 crore) and ₹344 crore (₹212 crore), respectively. Provision for taxes declined to ₹50 crore (₹205 crore).
Internet curiosity margin (yearly) rose to three.97 per cent in opposition to 3.86 per cent within the yr in the past interval.
GNPAs place improved to 1.85 per cent of gross advances as at June-end 2024 in opposition to 1.88 per cent as at March-end 2024. Internet NPAs place was unchanged at 0.20 per cent of internet advances.
Gross advances elevated by 18.99 per cent yoy to ₹2,09,031 crore as at June-end 2024 on the again of 24.70 per cent development in RAM (retail, agriculture and MSME) advances and 11.01 per cent development in company & different advances.
Whole deposits rose by 9.43 per cent yoy to face at ₹2,67,416 crore as at June-end 2024. Low-cost CASA (present account, financial savings account) deposits declined to 49.86 per cent of complete deposits in opposition to 50.97 per cent within the yr in the past quarter.
Shares of the Financial institution closed at ₹68.75 per share, up 5.67 per cent over the earlier shut.
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