• Asset quality metrics: Slippages stood at ₹2,771 crore with an industry-low slippage ratio of 0.69%, while the overall SMA book contracted to 2.73% and SMA 2 dropped to ₹9,732 crore.
• Gold loan growth: The gold loan portfolio expanded by 33–35% year-on-year to ₹2.45 lakh crore, supported by South Indian branch concentration, high spreads, and ₹1.54 lakh crore in agriculture gold loans.
• Net interest margin: Margins expanded by 9 basis points in the quarter to 2.51% due to tight control over deposit costs, with full guidance maintained between 2.50% and 2.60%.
• ECL provisioning impact: The bank estimates a total ECL impact of around ₹10,000 crore, which it is adequately capitalized to absorb given annual profits of ₹19,000–₹20,000 crore and a 17.04% CRAR.