The bank reported standalone net profit of Rs 12,629.58 crore for the quarter ended March 31, 2025 as compared to Rs 10707.53 crore in the same period last year, registering a year-on-year growth of 17.95 per cent.

Interest income of the bank rose by 11.81 per cent at Rs 42430.80 crore for the quarter ended March 31, 2025 as against Rs 37948.36 crore in the corresponding period last year.

During the January-March quarter, total income rose moderately by 13.98 per cent to Rs 49,690.87 crore from Rs 43,597.14 crore in the year ago period.

Meanwhile, operating expenses increased by 12.14 per cent to Rs 32,026.62 crore from Rs 28,558.39 crore in the same period last year.

Operating profit surged 17.46 per cent to Rs 17,664.25 crore from Rs. 15,038.75 crore.

Provisions and Contingencies surged by 23.97 per cent at Rs 890.70 crore from Rs 718.49 crore a year ago.

NII, the difference between interest earned on loans and interest paid on deposits, increased by 11.00 per cent at Rs 21,192.94 crore versus Rs 19,092.80 crore in the year ago period. Non-interest income rose 28.52 per cent year-on-year to Rs 7,260.07 crore.

On the asset side, gross non- performing assets (NPAs) fell to 1.67 per cent of the gross advances as at the end of March 31, 2025 from a level of 2.16 per cent year earlier. Its net NPAs or bad loans too declined to 0.39 per cent of net advances on March 31, 2025 from 0.42 per cent a year ago.