The bank''s net profit in the corresponding three months to June in 2018-19 stood at Rs 262.71 crore.
Total income of the bank increased to Rs 3,620.82 crore for the quarter, against Rs 2,938.24 crore in the year-ago period, the bank said in a regulatory filing.
It earned Rs 3,229.30 crore as interest income in the June quarter of this fiscal, up from Rs 2,667.38 crore a year ago.
During the quarter, the asset quality of bank improved with gross non-performing assets (NPAs) declining to 2.99 per cent from 3 per cent as on June 30, 2018.
Likewise, net NPAs also declined to 1.49 per cent as compared to 1.72 per cent in the same quarter a year ago.
As a result, provisioning for bad loans and contingencies declined to Rs 192.04 crore for April-June quarter from Rs 199.15 crore a year ago. PTI DP ANS ANS
Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI