The bank reported standalone net profit of Rs 1,757.00 crore for the quarter ended December 31, 2019 as compared to Rs 1680.85 crore in the same period last year, registering a year-on-yearÿgrowthÿof 4.53 per cent.

Interest income of the bank rose by 11.17 per cent at Rs 15708.30 crore for the quarter ended December 31, 2019 as against Rs 14129.73 crore in the corresponding period last year.

During the October-December quarter, total income rose moderately by 7.53 per cent to Rs 19,494.87 crore from Rs 18,130.42 crore in the year ago period.

Meanwhile, operating expenses increased by 9.09 per cent to Rs 13,752.18 crore from Rs 12,605.77 crore in the same period last year.

Operating profit surged 3.95 per cent to Rs 5,742.69 crore from Rs. 5,524.65 crore.

Provisions and Contingencies surged by 13.63 per cent at Rs 3,470.92 crore from Rs 3,054.51 crore a year ago.

NII, the difference between interest earned on loans and interest paid on deposits, increased by 15.16 per cent at Rs 6,452.98 crore versus Rs 5,603.67 crore in the year ago period. Non-interest income dipped 5.35 per cent year-on-year to Rs 3,786.57 crore.

On the asset side, gross non- performing assets (NPAs)ÿfellÿto 5.00 per cent of the gross advances as at the end of December 31, 2019 from a level of 5.75 per cent year earlier. Its net NPAs or bad loans tooÿdeclinedÿto 2.09 per cent of net advances on December 31, 2019 from 2.36 per cent a year ago.