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The company had reported a net profit of Rs 686.06 crore in the July-September quarter of the 2016-17 fiscal.
In a separate filing, it said its Board has declared an interim dividend of Rs 9 per equity share for the financial year 2017-18.
He said the reduction in Non-Performing Assets (NPAs) or bad loans is driven by stable credit quality and better collections.
The company said its Gross NPAs dropped to lowest level in over 20 quarters to 0.78 per cent as compared to 0.83 per cent in the second quarter of the last fiscal.
Net NPAs stood at 0.31 per cent, down from 0.34 per cent as of September end of 2016-17.
Banga also informed the company plans to raise Rs 15,000 -16,000 crore through debt market in the rest of the fiscal.
The company's scrip settled 1.43 per cent lower at Rs 1,342.90 on BSE.