Financial Results Announced for Quarter and Year Ended March 31, 2025

Key Highlights of the Results -Q4FY – 2024-25 Business Growth  –Total Business of the Bank stood at Rs. 5,13,527 Crore as on 31.03.2025 showing an increase of 14.12% Y-o-Y, wherein Gross Advances increased by 17.72% Y-o-Yto Rs. 2,19,985 Crore & Total Deposits grown by 11.56% Y-o-Y to Rs. 2,93,542 Crore. Profitability & Return– Net profit for the quarter ending 31.03.2025 stood at Rs.652Crore as against Rs. 526 Crore for the same period of preceding year, registering a growth of 23.98% Y-o-Y. Operating Profit for the quarter ended 31.03.2025 stood at Rs.1699 Croreas against Rs. 1273 Crore showing an increase of 33.48%  Y-o-Y basis. Advances in Retail, Agriculture & MSME (RAM) Sectors – RAM segment of the Bank increased by 25.74% to Rs. 1,22,613 Croreon Y-o-Y backed by 35.09% Y-o-Y growth in Retail advances 20.02%Y-o-Y growth in Agriculture advances and 18.55% Y-o-Y growth in MSME advances. Reduction in NPA –Gross NPA reduced by 77 bps Y-o-Y to 2.69% as on 31.03.2025 whereas Net NPA reduced by 39 bps Y-o-Y to 0.50% as on 31.03.2025. Capital Adequacy Ratio – Capital Adequacy Ratio (CRAR) stood at 18.49% as on 31.03.2025 with Tier I Capital Ratio of 16.37% Credit to Deposit Ratio stood at 74.94% as on 31.03.2025.

Business Highlights

• Total Business grew by 14.12% Y-o-Yto Rs. 5,13,527Crore as on 31.03.2025 from Rs. 4,50,007 Crore as on 31.03.2024.
• Total Deposits increased by 11.56% Y-o-Y basis to Rs. 2,93,542 Crore as on 31.03.2025 from Rs. 2,63,130 Crore as on 31.03.2024.
• Gross Advances grew 17.72%  Y-o-Y to Rs. 2,19,985 Crore as on 31.03.2025 as against Rs. 1,86,877 Crore as on 31.03.2024.
• RAM (Retail, Agri & MSME) business stood at Rs.1,22,613Crore as on 31.03.2025as against Rs.97,516Croreas on 31.03.2024, registering a growth of 25.74% Y-o-Y basis.
• Retail Advances stood at Rs. 54,255 Crore as on 31.03.2025 as against  Rs .40,161 Crore as on 31.03.2024 registering a growth of 35.09%Y-o-Y basis, backed by growth in Home loan and Vehicle loan portfolio which registered a growth of 18.13% and 58.99% respectively on Y-o-Y basis.
• Agriculture Advances stood at Rs. 29,575 Crore as on 31.03.2025 as against Rs. 24,641 Crore as on 31.03.2024, showing a growth of 20.02% Y-o-Y basis.
• Advances to MSME sector stood at Rs. 38,783 Crore as on 31.03.2025 as against Rs. 32,714 Crore as on 31.03.2024, registered a growth of 18.55% Y-o-Y basis.
• Business per employee improved to Rs.24.35Croreas on 31.03.2025 as against Rs.20.93Crore for the same period of preceding year.
• Operating Profit for the quarter ended 31.03.2025 stood at Rs. 1,699 Crore registering a growth of 33.48% Y-o-Y basis as against Rs. 1,273 Crore for the same period of preceding year. For the year ended  March 2025, Operating Profit has grown by 31.92% to Rs. 6,037C rore as against Rs. 4,576 Crore for the year ended March 2024.
• Net Profit for the quarter ended 31.03.2025 stood at Rs.652Crore as against Rs.526Crore for the same period in the preceding year, registering a growth of 23.98% Y-o-Y. Net profit stood at Rs. 2,445 Crore for the year ended March 2025 showing a growth of 47.80% Y-o-Y as against Rs. 1,654 Crore for year ended March 2024.
• Net Interest Income (NII) for the quarter ended 31.03.2025 stood at Rs. 2,698 Crore registering a growth of 23.35%  Y-o-Y basis as against Rs. 2,187Crore for the same period of preceding year. For the year ended March 2025, Net Interest Income(NII) grew by 18.88%  Y-o-Y basis to Rs. 9,630 Crore as against Rs. 8,101 Crore for the year ended March 2024.
• NIM for the year ended  March 2025 stood at 3.08% as against 2.92% for the year ended March 2024..
• Earning per share improved to Rs. 2.04 as on 31.03.2025 as against Rs. 1.38 as on 31.03.2024.

Asset Quality

• Gross NPA improved to 2.69 % as on 31.03.2025 as against 3.46% as on 31.03.2024, registering an improvement of 77 bps Y-o-Y.
• Net NPA improved to 0.50 % as on 31.03.2025as against0.89% as on 31.03.2024, registering an improvement of 39 bpsY-o-Y.
• Provision Coverage Ratio stood at 96.69% as on 31.03.2025.

Dividend

• Dividend @ 3.90% (i.e @ 39 paise per equity share) is proposed for the year 2024-25.

Branch Network

• As on 31.03.2025 Bank hada network of 3302 domestic branches and 2 overseas branches each at Hong Kong and Singaporeand 1 Representative Office in Iran. Out of the total branches, Bank has 2031 (61%) branches in rural & semi-urban areas. Bank has 2522 ATMs and 10653 BC Points making the total number of 16480 touch points as on 31st March 2025.