• Growth and margins: Global advances grew over 18% year-on-year with domestic advances up nearly 19%, while domestic NIM stood at 2.78% and overall NIM at 2.52%. Management maintained its full-year NIM guidance within the 2.55% to 2.60% range.
• Overseas fundraising targets: The bank has raised over $200 million via FCNR(B) deposits toward a $1.2 billion target by September end. Additionally, it aims to borrow $2 billion via OFCB/MTN and reach $1 billion in external commercial borrowings by December 31.
• Asset quality trajectory: Slippages rose quarter-on-quarter to ₹1,831 crore, primarily due to agriculture clean-ups following Maharashtra farm loan waivers, but improved from ₹2,100 crore year-on-year. Management expects Q1 to represent peak slippages for the fiscal year, with SME standard book stress continuing to decline.
• CASA and return ratios: To support a 36% CASA ratio totaling over ₹3 lakh crore, the bank launched Project Udaan to accelerate retail term and CASA deposit growth. Return on assets remained at 1% with guidance to sustain above 1%, while return on equity stood above 16%.