Further, the bank’s net interest income (NII) also witnessed a 4.8% YoY growth and was reported at Rs 31,550 crore, rising from Rs 30,110 crore in the second quarter of FY25.
The core net interest margin stood at 3.27% on total assets, indicating that asset repricing outpaced deposit repricing, compared with 3.35% in the previous quarter ended June 30, 2025.
The bank’s net revenue increased 10.3% year-on-year to Rs 45,900 crore for the quarter ended September 30, 2025, compared with Rs 41600 crore in the same period last year.
The bank posted healthy growth in deposits and advances for the September 2025 quarter, underscoring strong traction across retail and corporate segments. Average deposits rose 15.1% year-on-year to Rs 27.10 lakh crore, while average CASA deposits climbed 8.5% to Rs 8.77 lakh crore.
Sequentially, both metrics were up by around 2%, reflecting sustained customer engagement and deposit mobilization.The bank’s asset quality improved sequentially and year-on-year, with gross non-performing assets (GNPA) declining to 1.24% of gross advances as of September 30, 2025, compared with 1.40% in the previous quarter and 1.36% a year earlier.Excluding NPAs from the agricultural segment, the GNPA ratio stood at 0.99%, down from 1.14% in June 2025 and 1.19% in September 2024.
The net NPA ratio also improved to 0.42% of net advances, reflecting prudent credit underwriting and effective recovery measures.
Total end-of-period deposits stood at Rs 28.02 lakh crore as of September 30, 2025, marking a 12.1% annual growth. CASA deposits advanced 7.4%, with savings and current account balances at Rs 6.53 lakh crore and Rs 2.96 lakh crore, respectively.
On the lending front, average advances under management rose 9.0% YoY to Rs 27.94 lakh crore, while gross advances stood at Rs 27.69 lakh crore, up 9.9% YoY.
Growth was led by a 17.0% rise in SME lending, followed by 7.4% growth in retail loans and 6.4% growth in corporate and wholesale segments. Overseas advances contributed 1.8% to total loans, highlighting the bank’s steady performance across diverse portfolios.
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