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**Financial Highlights:**
Net Profit for the quarter surged 6.13% YoY to ₹304.89 Cr, a 104-year high. Total Business grew 9.86% to ₹98,923 Cr, with deposits at ₹53,803 Cr (+9.38%) and gross advances at ₹45,120 Cr (+10.44%). Asset quality significantly improved: GNPA 1.22%, NNPA 0.33%, and PCR (ex-technical write-off) sharply up to 73.04%. NIM compressed to 3.84%, ROA at 1.82%.
**Strategic Initiatives & Growth Drivers:**
To boost CASA, the bank introduced a tab-based online Current account opening and an Elite Services Group. An Automated Loan Management System is also being implemented for MSME growth.
**Business Developments:**
The bank expanded its "Phygital" presence by opening 7 new branches this quarter. Digital transactions now represent 96.62% of total transaction share.
**Market Position & Competitive Advantage:**
Boasting uninterrupted profits since 1921, the bank exhibits strong asset control with a 0.05% slippage ratio and negligible 0.28% unsecured exposure. A 108% average collateral cover for NPAs mitigates potential losses.
**Investor Implications:**
Robust asset quality and strategic growth drivers point to positive growth potential. Investors should closely watch NIM trends and the successful execution of new operational systems.