The bank posted a net profit of 3,005 crore in the quarter under review, below the 3,163 crore estimated by analysts.
The net interest income, the difference between interest earned and interest expended rose 16% y-o-y to 6,554 crore in the December quarter.
The net interest income was aided by a growth in the private bank's advances.
Advances rose 19% y-o-y to 3.7 trillion as on December 31. Customer assets, which comprises advances and credit substitutes rose 17% y-o-y to ₹4 trillion.
The bank's advances were aided by credit cards, retail micro finance, personal loans, business loans, and consumer loans segment.
Credit card portfolio rose 52% y-o-y to 13,882 crore as on December 31. Personal loans, business loans, and consumer durables rose 33% to 19,310 crore.
Home loans, and loan against property rose 15% to 102,234 crore.
Denne historien er fra January 21, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra January 21, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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