The rise in profits was mainly due to lower provisions towards non-performing assets, as well as a marginal rise in net interest income. The provisions towards NPAs were Rs 140.5 crore, against Rs 196.9 crore in the year ago period, a decline of 28.6 per cent.
The net interest income stood at Rs 457.7 crore, against Rs 439 crore, showing a rise of 4.2 per cent. The operating profit for the period was down at Rs 283.8 crore, compared to Rs 298.5 crore, a decline of 4.9 per cent.
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