The bank’s net interest income (NII) for the quarter rose 4.5% YoY to Rs 2,300.88 crore, up from Rs 2,200.44 crore in Q2 FY25. Advances during the quarter crossed the Rs 2.5 lakh crore milestone, with net advances reaching Rs 2,50,212 crore—reflecting a 6.4% YoY and 3.8% quarter-on-quarter (QoQ) growth, aided by a strong pickup in disbursements across key segments.
However, on a sequential basis, PAT declined by 18.3% from Rs 801.06 crore reported in the June 2025 quarter.
Total income also dipped marginally by 1.24% to Rs 9,023.15 crore compared to Rs 9,137.09 crore in Q2 FY25.
On the asset quality front, gross non-performing assets (GNPA) rose to Rs 4,055.31 crore from Rs 3,889.43 crore a year ago. In contrast, net non-performing assets (NNPAs) declined to Rs 770.84 crore from Rs 1,168.02 crore in Q2 FY25. In percentage terms, GNPA was stable at 1.6%, while Net NPA improved to 0.3%, down from 0.5% in the corresponding period last year—indicating strong credit monitoring and recovery efforts.
The bank’s Net Interest Margin (NIM) remained steady QoQ at 2.5%, registering a 10 basis points (bps) improvement YoY. This was supported by a 40 bps YoY and 20 bps QoQ decline in the cost of deposits, which stood at 5.7%.Also read: Nifty eyes record high of 26,277 amid upward momentum
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)