On a sequential basis, the net profit rose 16 per cent.
The Delhi-based lender's net interest income -- the difference between interest earned through lending and interest paid to depositors -- rose 48.3 per cent to Rs 6,938 crore for the period under review. It was Rs 4,677 crore in the same quarter a year earlier.
The total income of the bank during the quarter stood at Rs 22,531 crore as compared with Rs 16,388 crore in the year-ago period.
The bank made provisions for NPAs to the tune of Rs 5,293 crore for the period under review. This is higher by 15 per cent as compared to the provisions of Rs 4,618 crore in the same period, a year ago
As of March 31, 2021, the Capital Adequacy Ratio (CAR) of the lender stood at 14.32 per cent.
"The current coronavirus situation continues to be uncertain and the Bank is evaluating the impact on an ongoing basis. The extent to which the Covid-19 pandemic will impact the Bank's results will depend on future developments, which are highly uncertain including among other things, the success of vaccination drive," the lender said in a filing.
The lender's deposits at the end of March quarter stood at Rs 11 trillion as compared with Rs 7 trillion in the year-ago period.
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