The Bengaluru-headquartered public sector bank logged a 33 per cent year-on-year (y-o-y) increase in net interest income at Rs.738 crore from Rs.555 crore in the year-ago period. According to a bank statement, fee-based income increased by 31 per cent to Rs.122 crore (Rs.93 crore in the year-ago period).
Net interest margin improved to 2.44 per cent from 1.88 per cent, it added.
Gross non-performing assets and net non-performing assets in percentage terms deteriorated to 4.32 per cent (from 2.92 per cent) and 2.98 per cent (1.89 per cent), respectively, as per the financial results filed with the BSE. Shares of the bank closed at Rs.34.30 apiece, up 15.88 per cent over the previous close on the BSE.
Source : Thehindubusinessline