The bank’s total income grew 10.4% at Rs 1253 crore compared with Rs 1135 crore. Provision was 32.4% lower at Rs 171 crore against Rs 253 crore.
Its asset quality improved with gross non-performing assets being at 4.7% at the end of March against 5.1% a year back. Net NPA was almost flat at 2.95% against 2.97%.
The bank’s operating profit grew 47.2% at Rs 440 crore against Rs 299 crore over the same period.
The bank proposed Rs 1 dividend per equity share, i.e, 100% on face value of Rs 1 per equity share.
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