Total advances increased 25% to Rs 2.94 lakh crore led by a strong loan growth in retail segments, especially a more than 80% growth in unsecured personal loans, credit cards and consumer durable loans.
The strong loan growth on consumer banking made up for the tepid performance on the corporate side where the loan book shrank 2% compared to June.
Net Interest Income (NII) increased to Rs 5,099 crore in September 2022, from Rs 4,021 crore a year ago, up 27%.
Other income increased 8% to Rs 1955 crore from Rs 1812 crore a year ago led by a 24% increase in fee income to Rs 1760 crore.
Net Interest Margin (NIM) or the difference between yield earned on loans and that paid for deposits improved to 5.17% from 4.45% last year.
CASA ratio dipped to 56% from 61% a year earlier
Total NPAs fell to 2.08% from 3.19% a year ago. The bank had a provision coverage ratio of 73.7%.