Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,
· Net Interest Income (NII) surged by 18% Y-o-Y · Net profit grew by 22% Y-o-Y · Deposits increased by 14% Y-o-Y
· Net Interest Income reached ₹ 5,077 Cr · Net Interest Margin reached (NIM) 4.29% · Operating expenses stood at ₹ 3,450 Cr · Net Profit stood at ₹ 2,202 Cr
· The total balance sheet of the bank stood at ₹ 4,77,922 Cr · Deposits reached ₹ 3,59,548 Cr · CASA deposits contributed to 39% of total deposits
Net Profit for Q2 2023, reached ₹2,202 crores, showing a 22% YoY increase compared to ₹1,805 crores during the corresponding quarter last year.