Net profit for the quarter stood at ₹246.51 crore, up 7.13%, from ₹230.11 crore a year ago. Provisions and contingencies declined 38.35% to ₹2,753.84 crore during the third quarter from ₹4,466.68 crore in the same period last year. Gross non-performing assets (NPAs) rose 35.14% to ₹77,733.33 crore at the end of the December quarter, from ₹57,519.41 crore a year ago. Net NPAs were at 8.22% in the December quarter against 8.90% in the previous quarter and 7.55% in the same quarter last year. Net interest income (NII), or the core income a bank earns by giving loans, was up 7.56% to ₹4,290.05 crore versus ₹3,988.70 crore last year.

Source: Mint February 05, 2019 07:37 UTC