CNN Central News & Network–ITDC India Epress/ITDC News Bhopal: Key Highlights of Q2 FY-25 Results Business Growth: The bank’s total business reached ₹4,73,704 crore as of September 30, 2024, reflecting a year-on-year growth of 13.56%. Gross advances increased by 18% to ₹1,97,927 crore, while total deposits rose by 10.57% to ₹2,75,777 crore.
Profitability and Returns: The net profit for the quarter ending September 30, 2024, stood at ₹603 crore, marking a 50% increase compared to ₹402 crore in the same period last year. Operating profit reached ₹1,432 crore, showing a year-on-year growth of 45.82%.
Retail, Agriculture, and MSME (RAM) Advances: The bank’s RAM segment grew by 20.16% year-on-year, reaching ₹1,08,200 crore. Retail advances increased by 29.36%, agricultural advances by 17.41%, and MSME advances by 11.32%.
Reduction in NPA: Gross NPA decreased by 96 basis points to 3.18% as of September 30, 2024, while net NPA dropped by 38 basis points to 0.73%.
Capital Adequacy Ratio (CRAR): As of September 30, 2024, the CRAR stood at 16.84%, with Tier I capital ratio at 14.59%.
Credit to Deposit Ratio: The ratio was 71.77% as of September 30, 2024.
Branch Network: The bank’s network includes 3,247 domestic branches and two international branches (in Hong Kong and Singapore). Of these, 61.60%, or 2,000 branches, are located in rural and semi-urban areas. The bank also operates 2,472 ATMs and 10,203 BC points, totaling 15,925 touchpoints.
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