Financial Results for the Quarter/Nine Month ended 31st December 2024

Bank’s Global Business is at ₹12.61 lakh Cr, up by 8% YoY

• Net Profit up by 35% YoY at ₹2852 Cr in Dec’24 from ₹2119 Cr in Dec’23

• Operating Profit improved by 16% YoY to ₹4749 Cr in Dec’24 from ₹4097 Cr in Dec’23

• Net Interest Income increased by 10% YoY to ₹6415 Cr in Dec’24 from ₹5815 Cr in Dec’23

• Fee based income grew by 9% YoY to ₹931 Cr in Dec’24 from ₹852 Cr in Dec’23

• Return on Assets (RoA) up by 28 bps to 1.39% in Dec’24 from 1.11% in Dec’23

• Return on Equity (RoE) increased by 108 bps to 21.00% in Dec’24 from 19.92% in Dec’23

• Yield on Advances (YoA) up by 14 bps to 8.92% in Dec’24 from 8.78% in Dec’23

• Yield on Investments (YoI) increased by 32 bps to 7.12% in Dec’24 from 6.80% in Dec’23

• Cost-to-Income Ratio reduced by 234 bps to 44.56% in Dec’24 from 46.90% in Dec’23

• Gross Advances increased by 10% YoY to ₹559199 Cr in Dec’24 from ₹509800 Cr in Dec’23

• RAM (Retail, Agriculture & MSME) advances grew by 13% YoY to ₹334739 Cr in Dec’24 from ₹296845 Cr in Dec’23

• RAM contribution to gross domestic advances stood at 64.35%. Retail, Agri & MSME advances grew by 16%, 13.5% and 8% YoY respectively. Home Loan (including mortgage) grew by 12% YoY in Dec’24

• Priority sector advances as a percentage of ANBC stood at 43.85% (₹192761 Cr) in Dec’24 as against the regulatory requirement of 40%

• Total Deposits increased by 7% YoY and reached to ₹702282 Cr in Dec’24 as against ₹654154 Cr in Dec’23. Current, Savings & CASA deposits grew by 5%, 3.5%, and 4% YoY respectively

• Domestic CASA ratio stood at 40% as on 31st Dec’24

• CD ratio stood at 79.63% as on 31st Dec’24

• GNPA% decreased by 121 bps YoY to 3.26% in Dec’24 from 4.47% in Dec’23, NNPA% reduced by 32 bps to 0.21% in Dec’24 from 0.53% in Dec’23

• Provision Coverage Ratio (PCR, including TWO) improved by 219 bps YoY to 98.09% in Dec’24 from 95.90% in Dec’23

• Slippage Ratio improved by 50 bps to 0.78% in Dec’24 from1.28% in Dec’23

• Capital Adequacy Ratio improved by 34 bps to 15.92%. CET-I improved by 91 bps YoY to 13.27%, Tier I Capital improved by 89 bps YoY to 13.77% in Dec’24

• Earnings Per Share (EPS) increased by 26% to ₹84.70 in Dec’24 from ₹67.12 in Dec’23

• Net Profit up by 5% QoQ to ₹2852 Cr in Dec’24 from ₹2707 Cr in Sep’24

• Return on Assets (RoA) improved by 6 bps to 1.39% in Dec’24 from 1.33% in Sep’24

• Yield on Advances (YoA) improved by 15 bps to 8.92% in Dec’24 from 8.77% in Sep’24

• NIM (Domestic) increased by 8 bps to 3.57% in Dec’24 from 3.49% in Sep’24

• GNPA decreased by 22 bps to 3.26% in Dec’24 from 3.48% in Sep’24, NNPA reduced by 6 bps to 0.21% in Dec’24 from 0.27% in Sep’24

• Slippage ratio decreased to 0.78% in Dec’24 from 1.06% in Sep’24.

• Credit Cost decreased by 18 bps to 0.47% in Dec’24 from 0.65% in Sep’24

• Net Profit up by 37% YoY to ₹7962 Cr in 9MFY25 from ₹5816 Cr in 9MFY24

• Operating Profit increased by 11.5% YoY to ₹13980 Cr in 9MFY25 from ₹12535 Cr in 9MFY24

• Net Interest Income grew by 9% YoY to ₹18787 Cr in 9MFY25 from ₹17258 Cr in 9MFY24

• Net Interest Margin (NIM) Domestic stood at 3.53% in 9MFY25

• Return on Assets (RoA) improved by 27 bps to 1.31% in 9MFY25 from 1.04% in 9MFY24

• Return on Equity (RoE) increased by 137 bps to 20.62% in 9MFY25 from 19.25% in 9MFY24

• Cost-to-Income Ratio reduced by 50 bps to 44.67% in 9MFY25 from 45.17% in 9MFY24

Network:

• The Bank has 5877 domestic branches (including 3 DBUs), out of which 1987 are Rural, 1543 are Semi-Urban, 1179 are Urban & 1168 are in Metro category. The Bank has 3 overseas branches & 1 IBU (Gift City Branch).

• The Bank has 5224 ATMs & BNAs and 13292 number of Business Correspondents (BCs).

Digital Banking:

• Business of ₹1,18,981 Cr has been generated through Digital Channels in 9MFY25. A total of 117 Digital Journeys, Utilities and Processes have been launched so far.

• Number of Mobile Banking users has grown by 18% year over year, reaching 1.86 Cr.

• UPI users and Net Banking Users have seen a 24% & 9% YoY increase respectively, reaching 2.04 Cr and 1.12 Cr respectively.

• The Credit Card users increased by 52% YoY to 2.83 lakh. The transactions in Point of Sale (PoS) terminals has increased by 23% YoY, reaching to 35 lakh.

Awards & Accolades:

• The Bank received prestigious SKOCH Award for “Project WAVE”, an Indian Bank’s digital transformation journey and for “SMA Collection Proclivity Predictor”- a model built to predict the probability of default for Special Mention Accounts (SMA) and reduce risks by outlining a targeted collection journey.

• The Bank was honoured with the “Best Public Sector Bank” award in the organisational category and the MD & CEO of the Bank received “CEO of the Year” award at Tamil Nadu Leadership Awards 2024.

• The Vertical Head of CMS/SCF conferred with PT100 Leadership Award as an “Innovator & Disruptor in Asia Pacific” at the Payments Transformers conference in Singapore.

• In the 9th Banking Leadership Summit 2024 of Indian Investors Federation, the Bank received award for “Best Infrastructure & Ambience in UP”, “Best Marketing Strategies for business in the year 2024 in UP” and runner up for “Banker of the Year 2024”.

• In the IBA Annual Banking Technology Conference, 2024 – Special Mention under Large Bank segment, the Bank received award for “Best Digital Sales, Payments & Engagement”, “Best Tech Talent & Org., “Best AI and ML Adoption” and “Best FI”.

• During the 5th Annual BFSI Technology Excellence Awards 2024, the Bank was awarded “Best Cloud Initiative of the Year” – ET Edge recognition 2024 and “Best Team Project in Cloud Implementation (PSB)”.

Our Focus

Our focus is to deliver value-added, innovative and tailored solutions to the customers through omni-channel experience and with dedicated and skilled workforce. We will focus on achieving compliant, sustainable and inclusive growth, with a clear emphasis on customer service, CASA, MSME, and continued digital transformation.

We aim to become preferred choice of customer for catering to all financial & banking needs.