The bank reported standalone net profit during the quarter stood at Rs 586.33 crore compared to net loss of Rs 697.20 crore in the previous year quarter.

Interest income of the bank rose by 35.58 per cent at Rs 18789.53 crore for the quarter ended March 31, 2021 as against Rs 13858.98 crore in the corresponding period last year.

During the January-March quarter, total income rose substantially by 37.49 per cent to Rs 22,531.73 crore from Rs 16,388.32 crore in the year ago period.

Meanwhile, operating expenses increased by 35.66 per cent to Rs 16,897.42 crore from Rs 12,456.04 crore in the same period last year.

Operating profit surged 43.28 per cent to Rs 5,634.31 crore from Rs. 3,932.28 crore.

Provisions and Contingencies slipped by 4.39 per cent at Rs 4,686.04 crore from Rs 4,901.31 crore a year ago.

NII, the difference between interest earned on loans and interest paid on deposits, increased by 48.32 per cent at Rs 6,937.55 crore versus Rs 4,677.54 crore in the year ago period. Non-interest income rose 47.95 per cent year-on-year to Rs 3,742.20 crore.

On the asset side, gross non- performing assets (NPAs)ÿfellÿto 0.14 per cent of the gross advances as at the end of March 31, 2021 from a level of 14.21 per cent year earlier. Its net NPAs or bad loans tooÿdeclinedÿto 0.06 per cent of net advances on March 31, 2021 from 5.78 per cent a year ago.