The country's second leading private sector lender has posted its Q1FY22 results today on Saturday. The bank's total income for the first quarter of FY22 has been at Rs. 24,379 crore. Total expenditure have come in at Rs. 15,484 crore.
Provisions at the bank also saw a decline sequentially to Rs. 2851.69 crore. Net profit at the bank for the quarter under review came in at Rs. 4616 crore. This is an increase both on a sequential basis as well as on a year on year basis.
Net interest income which is the difference between interest earned and interest expended increased to Rs. 10,936 crore in Q1 FY22, i.e. an increase of 18% on a year on year basis.