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- Important
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Here's a summary of the financial results:
**Financial Highlights:**
Net Profit surged 24% YoY to ₹2,973 Cr; Operating Profit up 6% YoY to ₹4,770 Cr. Total Business grew 10.25% YoY to ₹13,45,000 Cr. Deposits expanded 9.26% YoY to ₹7,44,000 Cr, Advances by 11.50% YoY to ₹6,01,000 Cr. Domestic NIM was 3.35%. Asset quality significantly improved: Gross NPA at 3.01%, Net NPA at 0.18%, backed by 98.20% PCR. RoA was 1.34%, RoE 20.26%.
**Strategic Initiatives & Growth Drivers:**
Digital business is a key growth driver, surging 58% YoY to ₹57,955 Cr, with strong YoY increases in digital vehicle, home, agri, and jewel loans. An R&D Cell and expanded digital customer journeys underpin future readiness.
**Business Developments & Market Position:**
RAM (Retail, Agriculture, MSME) advances grew 15.93% YoY to ₹3,63,000 Cr, now 65.34% of domestic advances, surpassing all mandatory RBI Priority Sector targets. Improved asset quality and high PCR demonstrate effective risk management. Digital transactions form 93% of total, showcasing robust adoption and efficiency.
**Investor Implications:**
Strong profit growth, improving asset quality, and aggressive digital transformation point to positive growth potential. Strategic focus on RAM segments is expected to drive continued expansion.