The private sector lender had posted a net profit of ₹1,964 crore for the year-ago period. The Q3FY24 profit is higher than Bloomberg's consensus estimate of ₹2,266 crore.
The net interest income (NII) rose 18% year-on-year (YoY) to ₹5,296 crore. Other income, which includes fess from third party income and investment gains, among others, rose 15% YoY and 5% quarter on quarter to ₹2,396 crore.
Overall advances as of December 31 were at ₹3.27 trillion, up 20% YoY. Around 55% of overall loans were retail advances, dominated by vehicle loans, while corporate loans accounted for the rest.
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