Highlights:

BALANCE SHEET:

Balance sheet size as of March 31, 2025 was ₹ 1,19,367 crore as against ₹ 105,453 crore as of March 31, 2024, a growth of 13.19%.

Total business as on 31^st March 2025 stands at ₹ 1,86,569 crore, registering a Y-o-Y growth of 14.08% i.e. up by ₹ 23,032 crore from ₹ 1,63,536 crore as on 31.03.2024.

Total deposits as on 31^st March 2025 crossed rupees one lakh crore and stands at ₹ 1,02,078 crore, registering a Y-o-Y growth of 14.55% i.e. up by ₹ 12,965 crore from ₹ 89,113 crore as on 31.03.2024.

Total advances as on 31^st March 2025 stands at ₹ 84,491 crore, registering a Y-o-Y growth of 13.52% i.e. up by ₹ 10,068 crore from ₹ 74,423 crore as on 31.03.2024.

FINANCIAL PERFORMANCE – 12M FY 2025:

Net profit for the year registered a robust growth of 20.99% and stood at ₹ 1,942 crore from ₹ 1,605 crore during corresponding previous year.

PPOP increased by 19.81% for FY 2025  at ₹ 3,212 crore, as compared to ₹ 2,681 crore (excluding one-off item of SR-NPI of Rs.148 crore) for corresponding previous year.

Net interest income increased by 11.57% to ₹ 4,260 crore vis-à-vis ₹ 3,818 crore for corresponding previous year.

Net interest margin stands at 4.09% as compared to 4.20% for the corresponding previous year.

Cost of deposits has increased by 42 bps and stands at 5.61% as compared to 5.19% for the corresponding previous year.

Yield on advances grew to 10.15% by 20 bps as compared to 9.95% for the corresponding previous year.

Commission and fee based income has improved by 12.33% on Y-o-Y basis to ₹ 965 crore from ₹ 859 crore for the corresponding previous year.

Operating expenses for FY 2024-25 was ₹ 2,877 crore as compared to ₹ 2,639 crore during the corresponding previous year.

Cost to income ratio stands at 47.25% for FY 25 as against 48.26% for FY24.

FINANCIAL PERFORMANCE – Q4 FY 2025 vs. Q4 FY 2024:

Net profit for the quarter registered a growth of 12.50% and stood at ₹ 513 crore from ₹ 456 crore during corresponding quarter of previous year.

PPOP for the quarter increased by 17.60% is at ₹ 835 crore, as compared to ₹ 710 crore for corresponding quarter of the previous year (excluding one-off item of SR-NPI of Rs.157 crore).

Net interest income increased by 9.11% to ₹ 1,089 crore vis-à-vis ₹ 998 crore for corresponding quarter of previous year.

Net interest margin stands at 4.05% as compared to 4.20 % for the corresponding quarter of the previous year.

Cost of deposits has increased by 38 bps and stands at 5.74% as compared to 5.36% for the corresponding quarter of previous year.

Yield on advances has been improved by 11 bps to 10.21% from 10.10% for the corresponding quarter of the previous year.

Commission and fee based income has improved by 10.20% on Q-o-Q basis to ₹ 270 crore from ₹ 245 crore for corresponding quarter of the previous year.

Operating expenses for the quarter was ₹ 764 crore as compared to ₹ 757 crore during the corresponding quarter of previous year.

Cost to income ratio stands at 47.77% (51.62% for Q4 of previous year).

CAPITAL ADEQUACY:

Capital Adequacy Ratio (CRAR) as per Basel III guidelines was at 18.17% as on March 31, 2025 (16.67% as on March 31, 2024) as against a regulatory requirement of 11.50%. Tier 1 was at 17.12% as of March 31, 2025 compared to 15.46% as of March 31, 2024. Risk-weighted Assets were at ₹ 66,261 crore as on March 31, 2025 (₹ 61,125 crore as at March 31, 2024).

ASSET QUALITY:

Gross non-performing assets (GNPA) has improved by 64 bps and stands at 0.76% of gross advances as on March 31, 2025 (₹ 642 crore) vis a vis 1.40% as on March 31, 2024 (₹ 1,042 crore).

Net non-performing assets (NNPA) is below 1% and stands at 0.20% of net advances as on March 31, 2025 (₹ 166 crore), against 0.40% as on March 31, 2024 (₹ 298 crore).

Provision Coverage Ratio (PCR) was at 96.81% as at March 31, 2025, as against 94.85% as at March 31, 2024.

NETWORK:

As of March 31, 2025, the Bank’s distribution network stands at 888 branches and 1 Digital Banking Unit and 2,252 ATMs / Cash Recyclers as against 838 branches and 2,262 ATMs / Cash Recyclers as of March 31, 2024. 55% of our branches are in semi-urban and rural areas. In addition, we have 352 business correspondents.

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