The bank posted a net profit (PAT) of Rs 110 crore, down 88.1% year-on-year (YoY) and 69.9% sequentially.
Net interest income (NII) stood at Rs 2,590 crore, down 11.8% YoY and 6.1% quarter-on-quarter (QoQ), while total net revenue came in at Rs 3,140 crore, a decline of 11.5% YoY and 10.0% QoQ.
Operating profit fell to Rs 1,310 crore, marking a 29.4% YoY and 21.5% sequential drop.
Gross advances rose 7.2% YoY and 4.8% QoQ to Rs 1,40,040 crore. The share of the secured book improved to 54.9%, up 790 basis points (bps) YoY and 278 bps QoQ.
Total deposits increased 10.9% YoY and 2.2% QoQ to Rs 1,58,070 crore, while retail deposits climbed 16.1% YoY and 6.3% QoQ to Rs 1,12,130 crore. The CASA ratio stood at 28%, down 521 bps YoY but up 90 bps QoQ. Deposits from non-East regions accounted for 45.5%, slightly lower YoY but higher sequentially.On asset quality, the gross non-performing assets (GNPA) ratio rose to 5%, up 34 bps YoY and 5 bps QoQ, while the net NPA (NNPA) ratio inched up to 1.4%. The provision coverage ratio (PCR) improved to 73.7%.Credit cost stood at 3.4%, up 144 bps YoY but down 9 bps QoQ. The net interest margin (NIM) declined to 5.8%, lower by 152 bps YoY and 55 bps QoQ.
Return ratios remained weak, ROA fell to 0.2%, while ROE dropped sharply to 1.8%.
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