The bank reported a total income of Rs 1,464.71 crore during the quarter, a growth of 28.18 per cent in the same period last year.
The major contributing factors for the growth in net profit were increase in income from core business, better NPA management, particularly sharp decline in fresh delinquencies and treasury operations.
Net profit for the full year ended March 31, 2008, registered a rise of 37.09 per cent to Rs 734.99 crore compared with the corresponding period. Total income for the year went up by 30.54 per cent to Rs 5,216.33 crore. Net interest income increased by 10.65 per cent to Rs 1,443 crore.
Its net interest margin after adjusting amortisation premium against income from investments stood at 2.71 per cent.
Cost of deposits stood at 6.45 per cent, while yield on advances stood at 10.20 per cent.
Return on average assets was at 1.38 per cent. Earnings per share was Rs 51.24. Its gross NPA has come down to 1.47 per cent (2.05 per cent) and net NPA dropped to 0.32 per cent as on March 31, 2008, compared with 0.47 per cent as on March 31, 2007. Capital adequacy ratio of the Bank as on March 31, 2008, was at 12.09 per cent.
The board has recommended a final dividend of 60 per cent and taking into account the interim dividend of 45 per cent already paid, the total dividend works out to 105 per cent.
