The state-owned bank said its operating profit was Rs 36.50 billion during quarter ended Dec’17, thereby registering year-on-year (YoY) growth of 40.66%, driven by growth both in interest and fee income. The bank’s domestic credit registered YoY growth of 16.38% driven by retail loans growth of 33.37% and within retail loans, home loan growth of 44.33%.
Net interest income for the December-quarter rose 40% to Rs 43.94 billion over Rs 31.34 billion in year-ago quarter.
The net interest margin, the difference between the yield on advances and cost of fund, improved sequentially to 2.72%.
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