Business EDITORIAL

Strong Performance in Q3: Impressive Growth in NII, PAT, and PPOP, with Improved Asset Quality and Expanding Loan Book

Strong Performance in Q3: Impressive Growth in NII, PAT, and PPOP, with Improved Asset Quality and Expanding Loan Book
bigbreakingwire
1/20/2024 1 min read
Advertisement

• Net Interest Income (NII) witnessed a significant YoY surge, reaching Rs 448 cr in the third quarter.

• Profit After Tax (PAT) demonstrated robust YoY growth, escalating by 67.1% to Rs 336 cr.

• Pre-Provision Operating Profit (PPOP) observed a notable YoY increase of 49.1%, totaling Rs 424 cr.

• Gross Non-Performing Assets (NPA) exhibited a QoQ rise, standing at 2.9%.

• Net Non-Performing Assets (NPA) also increased QoQ, settling at 1.52%.

• Gross Non-Performing Assets (GNPA) decreased to 2.90%, compared to 4.24% YoY.

• Net Non-Performing Assets (NNPA) in Q3 reduced to 1.52%, down from 2.03% YoY.

• The loan book for Q3 is reported at 506 billion rupees, indicating a significant YoY growth from 379 billion.

bigbreakingwire
AUTHOR & EDITORIAL DESK

bigbreakingwire

Bringing you the latest updates on finance, economies, stocks, bonds, and more. Stay informed with timely insights.

Discover more from BigBreakingWire

Subscribe now to keep reading and get access to the full archive.

Continue reading