In the reporting quarter, net Interest Income (NII) grew by 24.56 percent on-year to Rs 2,466 crore, as against Rs 1,980 crore in a similar period last year.
The bank s net interest margin has risen sharply to 3.89% for the quarter under review as against 3.55% in the year-ago period, despite the impact of rise in deposit rates.
The bank's board has recommended a dividend of Rs 1.30 per share or 13 per cent of Rs 10 face value out of the net profits for the year ended March 31, 2023.