• Financial performance: The bank recorded its highest-ever quarterly and annual profit, posting a 36% profit increase driven by CASA growth and an expanded business focus across the rest of India.
• Asset quality targets: Gross NPA stood at 3.32% with a target to reduce it to 2–2.25% next year, supported by ₹500 crore in NPA recoveries, ₹250 crore in written-off recoveries, and a drop in SMA from 22% to 12%.
• NIM outlook: After managing an overall NIM of 3.60% despite a 125 basis point repo rate cut, the bank set a conservative guidance of 3.5% for the upcoming year before expecting margins to improve.
• ECL provisioning impact: In addition to a prudent ₹50 crore provision for weak accounts, the bank estimates an additional provisioning requirement of ₹1,600 to ₹1,700 crore over the next 5 years under the upcoming ECL framework.