Operating profit increased 50.53% to Rs 1,838 crore in Q1 FY24 as against Rs 1,221 crore in corresponding quarter last year. Slippage ratio stood at 0.53% YoY in Q1 FY24.

Total deposits rose 6.05% to Rs 3,63,398 crore in Q1 FY24 as compared to Rs 3,42,661 crore in Q1 FY23. Gross Advances increased by 12.95% to Rs 2,19,863 crore in Q1 FY24 as compared to Rs 1,96,648 crore in Q1 FY23.

The bank's CASA deposits increased by 3.17% to Rs 1,80,091 crore in Q1 FY24 as against Rs 1,74,562 crore in Q1 FY23. While CASA ratio reduced by 139 bps to 49.76% in Q1 FY24 as compared to 51.15% in same quarter last year.

Return on assets (ROA) rose to 0.43% in Q1 FY24 as compared to 0.27% in Q1 FY23. Return on equity improved to 1.63% in Q1 FY24 as against 0.98% in Q1 FY23.

Bank's gross non-performing assets (NPAs) improved by 995 bps to 4.95% YoY in Q1 FY24. Net NPA rose by 218 bps to 1.75% YoY in Q1 FY24. Provision coverage ratio (PCR) improved by 562 bps to 92.23%YoY in Q1 FY24.

Total BASEL III Capital Adequacy Ratio improved to 14.42 %, as on June 2023, as compared to 13.33 % on June 2022, with Common Equity Tier 1 ratio of 12.13 % on Q1FY24, registering an improvement of 109 bps.

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