The total income for the reporting quarter rose by 9.01 per cent to Rs 4,099 crore compared to Rs 3,760 crore in the corresponding quarter last year, according to results filed with Bombay Stock Exchange today.
The net interest income (NII) for the reporting quarter rose by 14 per cent to Rs 1,019 crore. The interest income rose by 10.36 per cent to Rs 3,730 crore while interest costs went up by 9.06 per cent to Rs 2,711.35 crore.
The provisions and contingencies rose by 79 per cent to Rs 540.09 crore. The sharp rise in provisions is attributed to mark-to-market losses the government securities in trading portfolio.
The net non-performing assets stood at 0.85 per cent. The capital adequacy ratio was 12.66 per cent at the end of June 2008.