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The bank’s total income for the reporting quarter was Rs 7,114.4 crore, up from Rs 6,880 crore in the second quarter of FY13. Advances rose by 10 per cent in 12 months to Rs 1,83,586 crore. Gross NPAs, too, increased to Rs 9,370 crore (4.98 per cent).
During the July-September period, its gross NPAs rose by Rs 1,411 crore. The tally of bad loan write-off was Rs 517 crore. The provision for NPAs and write-offs was Rs 594 crore, said P Sitaram, chief financial officer.
Deposits rose 12 per cent to Rs 2,02,559 crore. The share of low-cost deposits (current and savings bank accounts) was 21.97 per cent. The net interest margin improved to 2.17 per cent from 2.05 per cent.
Sitaram said the loss on sale of investments was Rs 50 crore. The provision for this treasury activity also hit net profit.
The capital adequacy ratio was 12.38 per cent with common Tier-I equity pegged at 7.26 per cent. The scrip closed at Rs 65.90 apiece on Wednesday, down 3.94 per cent, from the previous close, on the BSE.
