- Retail Book increased by 22% YoY.
- Business Banking book increased by 18% YoY.
- Corporate and Institutional Banking (CIB) grew by 15% YoY.
- Commercial Banking (CoB) grew by 24% YoY.
- Commercial Vehicle/Construction Equipment finance (CV/CE) increased by 67% YoY.
- Consolidated Group Advances crossed ₹2L Cr.
- Resident SB (including Bespoke) grew by 6.50% YoY.
- Core deposits constituted 97.87% of Total Deposits.
- NRE Term Deposits increased by 10.14% YoY.
- Return on Risk-Weighted Assets (RoRWA) was at 2.50% for the current quarter.
- Profit per employee was ₹27.11 lakh.
- Highest Ever Quarterly Net Profit of ₹954 crore.
- Highest-ever Net Interest Income (NII) of ₹2,056 crore.
- Sequential NII growth of 7% against credit growth of 5%.
- Non-Performing Asset (NPA) improved, with the lowest Gross NPA in 34 quarters.
- Provision Coverage Ratio (PCR) improved significantly.
- The bank expanded its branch and ATM network.
- Introduced various digital initiatives like WhatsApp Lending, digital personal loan platform, co-lending tie-ups, credit cards, and mutual funds through debit cards.
- Achieved a strong branch network growth, adding 35 new branches in H1 FY24.
- The credit portfolio showed a mix of Retail, Agri, Business Banking (BuB), Commercial Vehicle/Construction Equipment (CV/CE), Micro Finance, Commercial Banking (CoB), and Corporate and Institutional Banking (CIB).
- The bank diversified its fee income from various sources, including loan processing fees, cards, para banking, banking commissions, and exchanges.
- Significant digital transformation and growth in mobile banking transactions.
- Introduced innovative digital solutions and partnerships, like WhatsApp Lending and BBPS integration for credit card payments.
- Maintained a strong Capital Adequacy Ratio (CRAR) of 15.50%.
- Expanded branch and ATM network.
- Introduced various digital initiatives.
- Achieved a strong branch network growth.
- Showed a significant shift from branch to digital transactions.
- Impressive growth in mobile banking usage.
- High digital share, reaching above 92% in September 2023.
- Active corporate digital product users increased.