Its gross profit for the quarter stood a tad higher at Rs 1,476 crore, against Rs 1,445 crore.
Net interest income rose 12 % at Rs 2238 crore, as against Rs 1990.30 crore for the same period the previous year. Net interest margin (NIM) for the quarter stood at 3.15 % as against 2.93% in the year-ago period.
The lender’s total income was 8% higher at Rs 6,937 crore against Rs 6,415 crore while total expenses rose about 10% at Rs 5,461 crore against Rs 4,970 crore.
It’s loan disbursements during the quarter were at Rs 18232 crore, up 14% year-on-year.The company’s board recommended a 450% dividend for FY24. In other words, shareholders would get Rs 9 per equity share of Rs 2 each, subject to their approval. Its promoter Life Insurance Corporation of India holds 45.25% in the company.Its share price fell 0.5% to Rs 630.25 on BSE while the Sensex was down by 0.17% or 130.65 points to 72,968 on Wednesday. The company announced its quarterly numbers after the market hours.
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