The bank reported standalone net profit of Rs 43.49 crore for the quarter ended March 31, 2026 as compared to Rs 28.98 crore in the same period last year, registering a year-on-yearÿgrowthÿof 50.07 per cent.

Interest income of the bank rose by 26.36 per cent at Rs 443.05 crore for the quarter ended March 31, 2026 as against Rs 350.62 crore in the corresponding period last year.

During the January-March quarter, total income rose substantially by 30.13 per cent to Rs 512.34 crore from Rs 393.71 crore in the year ago period.

Meanwhile, operating expenses increased by 12.29 per cent to Rs 398.67 crore from Rs 355.03 crore in the same period last year.

Operating profit surged 193.87 per cent to Rs 113.67 crore from Rs. 38.68 crore.

Provisions and Contingencies surged by 201.83 per cent at Rs 34.71 crore from Rs 11.50 crore a year ago.

NII, the difference between interest earned on loans and interest paid on deposits, increased by 39.35 per cent at Rs 187.05 crore versus Rs 134.23 crore in the year ago period. Non-interest income rose 60.80 per cent year-on-year to Rs 69.29 crore.

On the asset side, gross non- performing assets (NPAs)ÿfellÿto 1.89 per cent of the gross advances as at the end of March 31, 2026 from a level of 2.98 per cent year earlier. Its net NPAs or bad loans tooÿdeclinedÿto 0.51 per cent of net advances on March 31, 2026 from 0.99 per cent a year ago.