• Financial performance trajectory: Net profit reached ₹1,659 crore, while net interest income increased by 34% year-on-year to ₹3,688 crore. Management expects the multi-quarter trend of consecutive quarter-on-quarter improvement across all parameters to continue into the next quarter.
• Net interest margins: Domestic NIM expanded by 13 bps to 3.48% and global NIM grew by 12 bps to 3.37% from March to June. The bank expects to sustain its minimum NIM within the historical range of 3.3% to 3.4%.
• Deposit cost dynamics: Cost of deposits fell by around 34–35 bps to 4.70% in June due to reduced reliance on bulk deposits. Domestic CASA stood at 41.46% and retail term deposits grew 16% year-on-year, with the two categories collectively comprising 93% of total deposits.
• Dividend declaration outlook: Having fully eliminated accumulated balance sheet losses of ₹20,000 crore over the last 5–6 years, the bank expects to declare a dividend at the end of the financial year, subject to board approval.