Net interest income rose 17.6% on-year to ₹6,574 crore at the end of the quarter, compared with ₹5,590 crore in the same period last year. NII also exceeded the CNBC-TV18 poll forecast of ₹6,498 crore.
Asset quality showed marginal improvement during the December quarter, with the gross NPA ratio easing to 4.54% from 4.57% in the previous quarter. The net NPA ratio declined to 2.38% from 2.49% on a quarter-on-quarter basis.
The provision coverage ratio improved to 48.77% from 46.70% QoQ.
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