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The total income for the quarter went up 11.5% to Rs 1,308 crore as against Rs 1,173 crore in the year ago quarter. The operating profit for the quarter went up 2.1 times to Rs 189 crore from Rs 89 crore a year ago.
The rise in profits was aided by a handsome growth in net interest income, which went up 16.4% to Rs 291 crore as against Rs 250 crore a year ago.
The business turnover of the Bank has touched Rs 77,689 crore as on March 2015, a growth of 12.71% on an year on year basis. Deposits grew 13.37% to Rs 46,009 crore and advances went up 11.7% to Rs 31,680 crore.
The net interest margin improved 11 basis points to 2.28% from 2.17% a year ago.
The gross non-performing assets ratio marginally went up by 3 basis points to 2.95%, while the net NPA ratio expanded by 7 basis points to 1.98% during the March quarter.
The capital adequacy ratio under Basel-II dipped to 12.67% from 13.3% a year ago. The Bank's shares closed 4.19% higher at Rs 131.90 per share on the BSE on Friday.
