Net advances grew 20% YoY to ₹1.7 trillion. Retail advances jumped to 69% of the overall loan book from 63% a year ago, while corporate advances fell to 31% of the book from 37% a year ago. Auto loans, education loans, personal loans, loan against property and housing loan segments witnessed a strong growth in the quarter under review.
Net interest income, the difference between interest earned and interest expended, grew 61% YoY to ₹3,998 crore. Non-interest income declined 25% to ₹852 crore.
This story is from the July 25, 2023 edition of Financial Express Mumbai.
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This story is from the July 25, 2023 edition of Financial Express Mumbai.
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