The bank's net profit stood at Rs 161.28 crore in the corresponding quarter of previous fiscal.
Total income of the bank increased to Rs 2,327.79 crore during the quarter, as against Rs 2,084.53 crore in the same period a year earlier, the bank said in a regulatory filing.
Provisioning for bad loans and contingencies increased to Rs 168.40 crore during the quarter from Rs 87.28 crore a year ago.
The bank's gross non performing assets (NPAs) or bad loans as a percentage of gross loans as of September 2016 stood at 2.78 per cent, from 2.9 per cent a year ago.
Shares of the bank were trading at Rs 77.80 on BSE, up 3.80 per cent over yesterday.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%