Recoveries, upgrades and other deletions, excluding writeoffs, for the quarter stood at Rs 4,088 crore, the bank said in a BSE filing. Net interest income (NII) rose 24 per cent YoY to Rs 8,545 crore from Rs 6,875 crore in the year-ago quarter. Non-interest income, excluding treasury income, stood at Rs 4,043 crore against Rs 3,404 crore YoY. Loan growth for the quarter stood at 16 per cent YoY, with retail loans expanding 19 per cent YoY and the corporate portfolio 12 per cent. Core operating profit (profit before provisions and tax, excluding treasury income) grew 24 per cent to Rs 7,017 crore.

Source: Economic Times January 25, 2020 09:20 UTC