The bank had posted a net profit of Rs 416.76 crore in the same quarter of the previous fiscal. (Agencies)
The bank made provisioning for bad assets to the tune of Rs 1,033.36 crore in the December quarter against Rs 962.95 crore in the corresponding period a year ago, it said in a BSE filing.
The net bad loans or non-performing assets (NPAs) grew to 2.93 percent during the quarter from 1.93 percent in the year-ago period. Gross NPAs also rose to 5.44 per cent during the period as compared to 3.67 percent a year ago.
Total income of the bank increased marginally to Rs 7,149.88 crore in the third quarter of the current fiscal from Rs 7,070.19 crore a year earlier.
The bank had posted a net profit of Rs 416.76 crore in the same quarter of the previous fiscal.