The bank reported standalone net profit of Rs 440.64 crore for the quarter ended December 31, 2019 as compared to Rs 333.63 crore in the same period last year, registering a year-on-yearÿgrowthÿof 32.07 per cent.

Interest income of the bank rose by 12.73 per cent at Rs 3330.36 crore for the quarter ended December 31, 2019 as against Rs 2954.41 crore in the corresponding period last year.

During the October-December quarter, total income rose moderately by 13.28 per cent to Rs 3,738.22 crore from Rs 3,299.96 crore in the year ago period.

Meanwhile, operating expenses increased by 15.52 per cent to Rs 2,994.40 crore from Rs 2,592.13 crore in the same period last year.

Operating profit surged 5.08 per cent to Rs 743.82 crore from Rs. 707.83 crore.

Provisions and Contingencies slipped by 15.39 per cent at Rs 160.86 crore from Rs 190.12 crore a year ago.

NII, the difference between interest earned on loans and interest paid on deposits, increased by 7.21 per cent at Rs 1,154.93 crore versus Rs 1,077.29 crore in the year ago period. Non-interest income rose 18.03 per cent year-on-year to Rs 407.86 crore.

On the asset side, gross non- performing assets (NPAs)ÿfellÿto 2.99 per cent of the gross advances as at the end of December 31, 2019 from a level of 3.14 per cent year earlier. Its net NPAs or bad loans tooÿdeclinedÿto 1.63 per cent of net advances on December 31, 2019 from 1.72 per cent a year ago.